Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more
Publishing timestamp: 2023-03-27 16:48:17
Summary
Shares of Coinbase Global, the cryptocurrency exchange, tumbled after the Commodity Futures and Trading Commission filed a complaint against Binance. First Citizens BancShares soared after agreeing to buy Silicon Valley Bank's deposits and loans. Regional bank stocks moved higher on reports of further government support. Media platform Roku jumped after an upgrade by Susquehanna. Telecommunications company Frontier Communications slid after a downgrade by Morgan Stanley. Carnival cruise operator beat earnings expectations but guided for a larger loss in the second quarter. Retailer Ollie's Bargain Outlet Holdings was downgraded by Citi. Maker of flavors and fragrances International Flavors & Fragrances reaffirmed its first-quarter guidance. Social media platform Pinterest gained after an upgrade by UBS. Glass and fiber optic cable maker Corning was upgraded by Deutsche Bank. Payments stock Marqeta jumped after an upgrade by Wolfe Research.
Sentiment: MIXED
Tickers: COIN, PINS, FRC, GLW, IFF, PACW, ROKU, CCL, OLLI, MQ, FCNCA, FYBR,
Keywords: stock markets, frontier communications parent inc, economy, marqeta inc, corning inc, pacwest bancorp, pinterest inc, business, breaking news: markets, business news, markets, carnival corp, international flavors & fragrances inc, first citizens bancshares inc (delaware), market insider, roku inc, coinbase global inc, first republic bank, ollie's bargain outlet holdings inc, united states,