Stocks making the biggest moves after hours: FedEx, First Republic Bank and more
Publishing timestamp: 2023-03-16 17:01:22
Summary
FedEx shares rose 9% after beating earnings estimates and raising its full-year forecast, while United Parcel Service shares also rose in sympathy. First Republic Bank shares initially rallied almost 10% but fell 15% in after-hours trading after a group of banks agreed to deposit $30 billion in the bank. Shares of regional banks Zions Bancorp and KeyCorp fell more than 2%. Merck shares fell nearly 2% after an update on a trial for one of its lung cancer drugs did not reach statistical significance.
Sentiment: MIXED
Tickers: KEY, CS, MRK, ZION, UPS, FRC, FDX,
Keywords: fedex corp, stock markets, keycorp, business news, market insider, markets, breaking news: markets, first republic bank, credit suisse group ag, zions bancorporation na, united parcel service inc, business, merck & co inc, economy,
Source: https://www.cnbc.com/2023/03/16/stocks-moving-big-after-hours-fdx-frc-.html