Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more
Publishing timestamp: 2023-05-01 08:15:46
Summary
First Republic Bank shares fell over 45% after JPMorgan took control of the bank following its takeover by regulators. SPDR S&P Regional Banking ETF also fell in premarket trading. Norwegian Cruise Line stock rose 3% after beating Q1 expectations. General Motors stock climbed nearly 3% after being upgraded by Morgan Stanley. Exxon Mobil shares slid 1.5% after being downgraded by Goldman Sachs. SoFi Technologies jumped 6% after reporting better-than-expected quarterly results. ON Semiconductor stock rose ahead of its Q1 earnings report.
Sentiment: MIXED
Tickers: NCLH, JPM, ON, SOFI, XOM, KRE, GM, FRC, PACW,
Keywords: breaking news: markets, market insider, jpmorgan chase & co, markets, on semiconductor corp, exxon mobil corp, spdr s&p regional banking etf, stock markets, norwegian cruise line holdings ltd, business news, general motors co, pacwest bancorp, first republic bank, economy, sofi technologies inc, business,
Source: https://www.cnbc.com/2023/05/01/stocks-making-the-biggest-moves-premarket-frc-jpm-sofi-more.html