Asana is leading the way, gaining 23.65%

Markets don't have a clear cut direction — Nasdaq goes up 0.24%, trading at 11,600. Dow Jones trades at 32,816 with no major change.

Today's muted price action is occurring amid mixed market indicators – United States Initial Jobless Claims published today at 13:30 UTC came out at 211,000, falling short of the 195,000 projections and continuing its decline from the previous 190,000 figure.

Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active stocks listed below.

Asana | +23.65% in mid-session

Asana made its largest single-day jump of $20 (23.65%) since November 2022, and is now trading at $22. Asana hit a significant low of $11.78 around 2 months ago, but has since recovered 51.1%. The Nasdaq has been doing worse in 2022, it has been passing it by 24.07%. The web and mobile application developer's market cap currently stands at $4.68 billion with an average daily trading volume of 3.20 million shares.

Asana released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.4 per share on revenue of $150.23 million, topping estimates of -0.47 per share on revenue of $145.12 million. Since the release of its earnings report, Asana gained 25.91%.

SVB Financial Group currently down 41.82% halfway through today

More of the same today: tough session sees the US banking giant shedding 41.82% in early trade SVB Financial Group has a market cap of $9.22 billion with an average daily volume of 623,745 shares. So far this year, it has been outperforming the S&P by 14.71%.

PacWest Bancorp | Currently down 17.78% at $21.93

The bank holding company down by $4.75 (17.78%). This is the largest single day drop since April 2022. The multi-billion-dollar banking firm has managed to gain 17.69% so far this year despite trading at lows around $22 previously. The company is currently trading with a market cap of $2.64 billion with an average daily trading volume of 1.36 million shares. PacWest Bancorp expected revenue of $376.23 million with an EPS of 97 cents.

Bearish run continues, First Republic Bank down to $98.97 (-13.94%)

Similar trend today: the regional full-service bank drops 13.94% in early trade and remains within touching distance of the $98.97 level. The company has a market cap of $18.43 billion with an average daily trading volume of 1.76 million shares. So far this year, it has been under-performing the S&P 500 by 9.59%.