A handful PacWest Bancorp insiders, including Chief Executive Paul Taylor, bought the bank’s stock late last week after it started to tumble, as SVB Financial Group’s Silicon Valley Bank’s troubles be...
Tag: Funding/Capital
Stocks of multiple banks get halted for volatility, more than once, to start the trading day
To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%, investors can check out the N...
Oil and gas stocks suffer broad selloff as crude prices drop in wake of SVB collapse
The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchan...
Western Alliance Bancorp stock set to suffer record selloff of over 60% to 10-year low in wake of SVB collapse
Shares of Western Alliance Bancorp WAL, -74.87% took a 62.4% plunge toward a 10-year low in premarket trading Monday, adding to last week’s tumble in the wake of the collapse of SVB Financial Group’s ...
Hercules Capital said it has ‘ample liquidity’ to support requirements, but stock keeps falling
Hercules Capital Inc. HTGC, -11.14% looked to reassure investors on Monday by saying it was working with bondholders, stakeholders and stockholders to “navigate challenges” created by the decision by ...
GM stock slips after disclosing ‘voluntary separation program’ resulting in $1.5 billion employee separation charges
Shares of General Motors Co. GM, -1.63% slipped 0.1% in premarket trading Thursday, after the automaker announced a voluntary separation program (VSP) that is expected to lead to an employee separatio...
GE stock jumps toward near 2-year high after affirming 2023 outlook at investor gathering
Shares of General Electric Co. GE, +7.55% rallied 2.6% toward a near two-year high in premarket trading Thursday, after the aerospace, power and renewable energy company affirmed its full-year guidanc...
SVB Financial stock plummets toward biggest one-day selloff in 23 years after stock offering, large losses on securities sales
Shares of SVB Financial Group SIVB, +0.16% plummeted 30.6% to pace all of the S&P 500’s SPX, +0.14% premarket losers on Thursday, which puts them on track for the worst one-day performance in 23 y...
JD stock rises after profit beat and dividend initiated, while revenue comes up shy
The U.S.-listed shares of JD.com Inc. JD, +0.88% rose 1.0% in premarket trading Thursday, after the China-based ecommerce company beat fourth-quarter profit expectations and initiated a dividend, but ...
Qualcomm stock bounces after dividend raised, boosting yield to nearly 2.7%
Shares of Qualcomm Inc. QCOM, +0.66% gained 0.4% in premarket trading Wednesday, a day after closing at a seven-week low, after the semiconductor maker raised its quarterly dividend by 6.7%, to 80 cen...
United Natural Foods stock plunged toward a 1 1/2-year low after big earnings miss and lowered full-year outlook
Shares of United Natural Foods Inc. UNFI, -0.92% plunged 20.8% toward a 19-month low in premarket trading Wednesday after the grocery wholesaler reported fiscal second-quarter profit that missed by a ...
Bed Bath & Beyond stock plunges more than 50% in February, the second-worst monthly performance in its history
Shares of Bed Bath & Beyond Inc. BBBY shed 5.7% in afternoon trading Tuesday, putting them on track to suffer the biggest monthly decline in nearly three years, or well before the “meme”-stock roc...
Sellas Life Sciences raises $20 million from public offering of stock, warrants
Sellas Life Sciences Group Inc. SLS, -53.25% said Friday that it raised $20.0 million, through the public sale of common shares and warrants to buy stock. Shares of the biopharmaceutical company, whic...
Biden taps former Mastercard executive Banga to lead World Bank
The White House announced Thursday that President Joe Biden has decided to nominate Ajay Banga, a former CEO of MasterCard, to lead the World Bank In a statement, Biden said that Banga will be able to...
Bed Bath & Beyond stock falls again, has plunged more than 70% during a 12-day stretch in which it has declined 11 times
Shares of Bed Bath & Beyond Inc. BBBY, -7.12% took a 6.8% beating Thursday, which put them on track for a third-straight loss and a seven-week closing low. The stock has shed 16.6% over the past t...
Norfolk Southern’s stock extends selloff, and one analyst turns bullish
Shares of Norfolk Southern Corp. have fallen enough — when compared with those of other railroad operators and the broader stock market — to create a “compelling entry point” for investors, according ...
Bed Bath & Beyond falls toward 8th-straight loss, the longest such streak in 3 months
Shares of Bed Bath & Beyond Inc. BBBY, -6.74% sank 6.5% in afternoon trading Thursday, to put them on track for an eighth straight decline. The losing streak comes after the stock rocketed 92.1% o...
Occidental Petroleum stock surges after Warren Buffett’s Berkshire Hathaway discloses boosting stake to 28%
Shares of Occidental Petroleum Corp. OXY, +2.44% rallied 1.8% in afternoon trading Tuesday, after Warren Buffett’s Berkshire Hathaway Inc. BRK.B, -0.94% BRK.A, -0.84% disclosed that it increased its s...
Avaya files for bankruptcy, about 5 years after emerging from previous bankruptcy
Avaya Holdings Corp. said Tuesday that it and all of its U.S. subsidiaries filed for bankruptcy, a little more than five years after emerging from its previous bankruptcy. The business communication c...
Blink stock dives after upsized offering priced at a discount of more than 10%
Shares of Blink Charging Co. BLNK, -14.48% dove 8.4% in premarket trading Tuesday, after the electric vehicle (EV) charging company’s upsized equity offering priced at a 13.4% discount. The company ha...
Hanesbrands stock plunges toward biggest selloff in 15 years after relatively high dividend eliminated, warning of a Q1 loss
Shares of Hanesbrands Inc. HBI, -27.38% plummeted 20.7% in morning trading Thursday, putting them on track for the worst one-day performance in nearly 15 years, after the T-shirt and underwear seller ...
Stanley Black & Decker dives after Q4 results beat expectations, but 2023 outlook is well below forecasts
Shares of Stanley Black & Decker SWK dove 4.6% in premarket trading Thursday, after the tools maker reported fourth-quarter results that beat expectations but provided a full-year profit outlook t...
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Mean...