Why Bank Shares Are Trading Lower? Here Are Other Stocks Moving In Monday's Mid-Day Session

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Gainers

  • Provention Bio, Inc. PRVB shares jumped 250.8% to $23.50 after Sanofi announced it will acquire the company for $25 per share in cash.
  • Hycroft Mining Holding Corporation HYMC surged 41.6% to $0.4390.
  • Calliditas Therapeutics AB CALT shares gained 33.7% to $22.73 after the company announced the primary endpoint was successfully met in the Phase 2 NefIgArd trial evaluating Nefecon in IgA nephropathy.
  • Clearmind Medicine Inc. CMND gained 31.7% to $4.53.
  • Cipher Mining Inc. CIFR rose 30.2% to $1.7195.
  • EUDA Health Holdings Limited EUDA gained 30% to $2.62.
  • ZIM Integrated Shipping Services Ltd. ZIM surged 23.7% to $24.20 after the company reported a fourth-quarter FY22 sales decline of 37% year-on-year to $2.19 billion, beating the consensus of $2.11 billion.
  • Austin Gold Corp. AUST rose 22.2% to $1.10
  • Iris Energy Limited IREN rose 22% to $3.16.
  • Aridis Pharmaceuticals, Inc. ARDS gained 20% to $0.5530 after the company announced the primary and secondary endpoints were met in the Phase 2a study of AR-501 in cystic fibrosis patients.
  • Hut 8 Mining Corp. HUT gained 20% to $1.5200. Hut 8 Mining announced expiration of Hart-Scott-Rodino Antitrust Improvements Act regarding proposed combination with U.S. Data Mining Group.
  • Stronghold Digital Mining, Inc. SDIG jumped 19.6% to $0.5401.
  • Latch, Inc. LTCH surged 17.7% to $0.6029.
  • Illumina, Inc. ILMN rose 17.7% to $228.41 following a media report stating Carl Icahn is preparing to become an activist investor in the company.
  • Seagen Inc. SGEN gained 16.8% to $201.65 after Pfizer announced it would acquire the company for $229 per share in cash.
  • Zynex, Inc. ZYXI jumped 15.7% to $11.03 following upbeat quarterly earnings.
  • Harmony Gold Mining Company Limited HMY gained 15% to $3.6350. Shares of gold companies traded higher amid a decline in the US dollar.
  • Kinnate Biopharma Inc. KNTE gained 15% to $3.98.
  • Marathon Digital Holdings, Inc. MARA rose 13.6% to $6.06. Marathon Digital said the company hold $142 million in cash deposits as signature bridge.
  • Karyopharm Therapeutics Inc. KPTI gained 13.2% to $3.39
  • Riot Platforms, Inc. RIOT rose 12.8% to $5.98 after declining over 4% on Friday.
  • Sage Therapeutics, Inc. SAGE gained 11% to $43.90 after RBC Capital upgraded the stock from Sector Perform to Outperform and announced a $60 price target.
  • Tenax Therapeutics, Inc. TENX rose 9% to $0.6211 after gaining 23% on Friday.
  • MicroStrategy Incorporated MSTR shares rose 8.3% to $208.24 after dropping 9% on Friday.
  • TRxADE HEALTH, Inc. MEDS rose 7.3% to $0.37 after dropping more than 5% on Friday.
  • Myomo, Inc. MYO rose 6.7% to $0.7899 following Q4 results.

Losers

  • Western Alliance Bancorporation WAL shares dipped 76.8% to $11.47. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • First Republic Bank FRC fell 75.7% to $19.86 after the company said it improved its liquidity profile by increasing its borrowing facility from the Federal Reserve and JP Morgan.
  • Customers Bancorp, Inc. CUBI dropped 49.3% to $11.59. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Metropolitan Bank Holding Corp. MCB dropped 45% to $24.05. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • PacWest Bancorp PACW fell 40% to $7.40. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Lightning eMotors, Inc. ZEV dropped 31.5% to $0.3831 after the company reported worse-than-expected Q4 sales results.
  • iCAD, Inc. ICAD fell 31% to $1.65 after the company issued Q4 revenue guidance below analyst estimates.
  • First Horizon Corporation FHN dropped 29.7% to $14.12.
  • Loyalty Ventures Inc. LYLT dropped 27.7% to $0.1735. Loyalty Ventures recently announced bankruptcy filings and plans to delist from the Nasdaq Global Select Market.
  • Mercurity Fintech Holding Inc. MFH fell 26.9% to $0.95.
  • UMB Financial Corporation UMBF fell 26.3% to $56.84. Shares of banking and financial services stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Q2 Holdings, Inc. QTWO dropped 26% to $20.16
  • KeyCorp KEY fell 25.7% to $11.62.
  • Molecular Templates, Inc. MTEM fell 25.5% to $0.3764 after gaining over 7% on Friday. Molecular Templates, last week, received FDA clearance to proceed for clinical testing of its novel MT-8421 ETB program.
  • Cingulate Inc. CING shares fell 24.3% to $1.3986 after posting a wider-than-expected quarterly loss.
  • Comerica Incorporated CMA dropped 23% to $45.24.
  • East West Bancorp, Inc. EWBC dropped 23.2% to $48.16 following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Zions Bancorporation, National Association ZION dropped 21.2% to $31.80. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Cazoo Group Ltd CZOO fell 19.1% to $2.12 after jumping over 32% on Friday.
  • Dime Community Bancshares, Inc. DCOM fell 19.1% to $23.24. Shares of banking and financial services stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • Fifth Third Bancorp FITB dropped 16.3% to $25.43.
  • Ribbon Communications Inc. RBBN fell 15.8% to $3.5750
  • Huntington Bancshares Incorporated HBAN fell 14.7% to $11.40. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • New York Community Bancorp, Inc. NYCB dropped 12.5% to $6.45. Shares of several bank stocks traded lower following the recent closure of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008.
  • The Charles Schwab Corporation SCHW fell 9.7% to $53.00.

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