HomeAbout

TL;DR CNBC


Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more - TL;DR CNBC

Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more

Publishing timestamp: 2023-03-13 08:14:12


Summary

Several banks and financial institutions saw significant losses in early market trading following the closure of Silicon Valley Bank and Signature Bank, with some experiencing declines of over 50%. Seagen, however, saw shares soar over 18% after news of its acquisition by Pfizer in a deal worth $43 billion. Illumina also saw an 8.2% rise in shares after reports of a potential proxy fight by activist investor Carl Icahn. Petco Health and Wellness was downgraded by Citi to neutral from buy due to continued weakness in discretionary spending.


Sentiment: NEGATIVE

Tickers: PNCSGENILMNWOOFCWALFRCPACWJPMPFEBACSCHWROKU

Keywords: market insiderbreaking news: marketsfirst republic bankpfizer incbank of america corpjpmorgan chase & copetco health and wellness company incseagen incstock marketscharles schwab corpbusiness newsbreaking newsillumina inccitigroup incpnc financial services group incpacwest bancorpwestern alliance bancorproku incmarkets

Source: https://www.cnbc.com/2023/03/13/stocks-making-the-biggest-moves-premarket-ilmn-frc-sgen-more.html


Developed by Leo Phan