First Republic Bank, Blend Labs, Purple Innovation And Other Big Stocks Moving Lower On Friday


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


U.S. stocks traded lower, with the Dow Jones dropping more than 400 points on Friday. Here are some big stocks recording gains in today’s session.

  • Blend Labs, Inc. (NYSE:BLND) dropped 36.5% to $0.9338 after the company reported worse-than-expected Q4 adjusted EPS and sales results.
  • Nexters Inc. (NASDAQ:GDEV) shares fell 35.7% to $3.60 after the company issued Q4 update.
  • First Republic Bank (NYSE:FRC) dropped 26.2% to $25.23 after the bank announced a deal for $30 billion in deposits from major banks and said it has decided to suspend its dividend.
  • Purple Innovation, Inc. (NASDAQ:PRPL) fell 21.6% to $2.5815 after the company reported worse-than-expected Q4 adjusted EPS results and issued Q1 revenue guidance below analyst estimates.
  • Sarepta Therapeutics, Inc. (NASDAQ:SRPT) dropped 19.9% to $119.83 after the company said that that FDA has decided to hold a public advisory committee meeting on its SRP 9001 BLA.
  • Montauk Renewables, Inc. (NASDAQ:MNTK) declined 19% to $7.70 after the company reported full year 2022 results.
  • Western Alliance Bancorporation (NYSE:WAL) dropped 17.6% to $30.34. Shares of several companies in the broader financial space traded lower on continued downward momentum in the sector amid volatility and stability concerns following multiple bank failures.
  • Pharming Group N.V. (NASDAQ:PHAR) fell 17% to $9.94 following Q4 results.
  • Semantix, Inc. (NASDAQ:STIX) dropped 16.8% to $ 3.7250.
  • CareMax, Inc. (NASDAQ:CMAX) fell 16.6% to $3.0350. CareMax said it sees FY22 revenue of $631.1 million.
  • Karooooo Ltd. (NASDAQ:KARO) dipped 15.8% to $22.00.
  • Aspen Aerogels, Inc. (NYSE:ASPN) dropped 14.7% to $6.67.
  • PacWest Bancorp (NASDAQ:PACW) fell 13.3% to $ 9.93.
  • Sunnova Energy International Inc. (NYSE:NOVA) fell 14.4% to $12.59.
  • Emergent BioSolutions Inc. (NYSE:EBS) dropped 12.8% to $8.41 after JP Morgan downgraded the stock from Neutral to Underweight and lowered its price target from $23 to $9.
  • Cutera, Inc. (NASDAQ:CUTR) fell 11.1% to $24.75.
  • Sunrun Inc. (NASDAQ:RUN) dropped 10% to $17.10.
  • Metropolitan Bank Holding Corp. (NYSE:MCB) fell 10% to $35.81.
  • SL Green Realty Corp. (NYSE:SLG) dropped 9.6% to $23.77.
  • Despegar.com, Corp. (NYSE:DESP) fell 9.2% to $5.01. Despegar.com recently posted downbeat quarterly results.
  • Design Therapeutics, Inc. (NASDAQ:DSGN) dropped 8.8% to $6.41.

Check This Out: Ethereum Rises Above This Key Level; Immutable Emerges As Top Gainer


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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