First Republic Bank, Top Financial And Other Big Stocks Moving Lower On Monday


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U.S. stocks traded lower, with the Nasdaq falling around 17 points on Monday. Here are some big stocks recording losses in today’s session.


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  • First Republic Bank (NYSE:FRC) shares tumbled 34.7% to $2.29 on news of it being the third US bank failure of 2023. JPMorgan Chase & Co (NYSE:JPM) agreed to acquire most of First Republic Bank.
  • TOP Financial Group Ltd (NASDAQ:TOP) shares were down 27.9% to $78, after spiking more than 600% on Friday amid discussions on popular subreddit WallStreetBets (WSB).
  • Pliant Therapeutics Inc (NASDAQ:PLRX) was down, falling 23.4% to $21.65, after the company announced long-term data from the INTEGRIS-IPF Phase 2a trial.
  • U Power Limited (NASDAQ:UCAR) shares rose 22.2% to $5.28 in pre-market trading. U Power shares are trading lower amid continued post-IPO volatility.
  • Valley National Bancorp (NASDAQ:VLY) rose 14.6% to $8.01 in pre-market trading after Raymond James downgraded the stock from Strong Buy to Market Perform.
  • 2U, Inc. (NASDAQ:TWOU) rose 10.7% to $4.95 in pre-market trading after the company’s Databricks online learning platform joined edX Partner Network with the launch of an expert-led program in large language models.
  • JX Luxventure Limited (NASDAQ:JXJT) fell 11% to $5.30 in pre-market trading after the company received a Nasdaq Delisting Notice for failing to maintain a $1.00 share price.

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