Stocks making the biggest premarket moves: Credit Suisse, Snap, Adobe, PagerDuty & more
Publishing timestamp: 2023-03-16 10:12:43
Summary
Credit Suisse gains nearly 6% after announcing it will borrow up to $54 billion from Swiss National Bank, while Snap and Meta rise following reports that TikTok could be banned unless sold by its Chinese owner. Regional banks continue to slide after Silicon Valley Bank's failure, while Dollar General's quarterly same-store sales miss estimates. Adobe's shares rise after lifting its profit forecast for fiscal 2023 and reporting better-than-expected quarterly results. Occidental Petroleum's shares rise after Warren Buffett's Berkshire Hathaway buys more shares. UiPath surges after beating earnings estimates, while Baidu's shares sink after unveiling its ChatGPT alternative. PagerDuty's earnings and revenue top estimates, while Five Below gives a muted outlook for the first quarter. Motorola gains following an upgrade by JPMorgan.
Sentiment: MIXED
Tickers: DG, KEY, CS, PD, ADBE, PATH, CSG.N-CH, META, ZION, BIDU, CMA, OXY, FIVE, MSI, FRC, SNAP,
Keywords: baidu inc, stock markets, comerica inc, dollar general corp, markets, first republic bank, meta platforms inc, adobe inc., breaking news: markets, snap inc, business, economy, motorola solutions inc, business news, pagerduty inc, occidental petroleum corp, credit suisse group ag, zions bancorporation na, uipath inc, keycorp, five below inc, market insider,
Source: https://www.cnbc.com/2023/03/16/stocks-making-the-biggest-premarket-moves-.html