Credit Suisse, Adobe, PagerDuty and Snap rise premarket; First Republic falls

  • Investing.com
  • Stock Market News
Credit Suisse, Adobe, PagerDuty and Snap rise premarket; First Republic falls
Credit: © Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, March 16th. Please refresh for updates.

  • Adobe (NASDAQ: ADBE ) stock rose 5.5% after the software company lifted its annual guidance after reporting better-than-expected fiscal first quarter results , driven by growth in its core digital media business.

  • Credit Suisse (SIX: CSGN ) (NYSE: CS ) stock rose 5.6% after the troubled lender received a SWF 50 billion support line from the Swiss National Bank (TADAWUL: 1180 ), with the central bank adding that the Zurich-based bank met all the standards for liquidity and capital that apply to systemically crucial banks.

  • First Republic (NYSE: FRC ) stock fell 26.1%, PacWest Bancorp (NASDAQ: PACW ) stock fell 15.8%, and Zions Bancorporation (NASDAQ: ZION ) stock fell 3.3%, as worries continue to beset the smaller regional U.S. banks.

  • Virgin Orbit (NASDAQ: VORB ) stock fell 38.6% after the satellite launch company was forced to pause operations as it searched for potential funding after a cash crunch.

  • Snap (NYSE: SNAP ) stock rose 5.8% and Meta Platforms (NASDAQ: META ) stock rose 1.39% on reports the Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible U.S. ban.

  • Dollar General (NYSE: DG ) stock fell 1.6% after the discount store chain missed market estimates for quarterly same-store sales as customers curtailed discretionary spending amid stubbornly high inflation .

  • Five Below (NASDAQ: FIVE ) stock fell 3.1% after the discount retailer’s first quarter guidance came in short of expectations, outweighing healthy numbers during the fourth quarter.

  • PagerDuty (NYSE: PD ) stock rose 7.3% after the cloud computing company beat earnings and revenue expectations in its most recent quarter, helped by strong customer growth across the board.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles