Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
Publishing timestamp: 2023-03-23 08:19:13
Summary
Shares of Coinbase dropped over 11% in premarket trading after receiving a Wells notice from the SEC, while Oppenheimer downgraded the stock. Regional banks First Republic and PacWest traded higher after Wednesday's selloff, while Chewy's stock fell despite beating Q4 estimates. AMC gained despite a sell rating from Citi, and Carvana's shares rose after issuing better-than-expected guidance. Alibaba gained, but has struggled this year. Ford is expected to start reporting by business unit instead of by region.
Sentiment: MIXED
Tickers: F, COIN, AMC, RF, BABA, PACW, CHWY, CVNA, FRC,
Keywords: coinbase global inc, stock markets, breaking news: markets, carvana co, first republic bank, markets, ford motor co, economy, business news, pacwest bancorp, market insider, amc entertainment holdings inc, alibaba group holding ltd, chewy inc, regions financial corp, business,
Source: https://www.cnbc.com/2023/03/23/stocks-premarket-moves-amc-chwy-bank-fed-trading-outlook.html