First Republic Bank is yesterday's top mover after declining 43.3%
Markets had an interesting day yesterday; Dow Jones ended the session at 34,100 after a 0.8% gain. S&P 500 closed the day at 4,169.48, having gained 0.83%.
Today's price action is taking place amid mixed market indicators – United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3.
“Top Movers” are assets that recorded the highest percentage change compared to their nearest peers. yesterday's most active stocks are listed below.
First Republic Bank loses 33.62% in after hours trading after closing at $3.51 yesterday
Early in yesterday's session, First Republic Bank dropped to $3 from $6.19 at the end of Thursday, before closing at $3.51. During the session, it lost 43.3%. The company is currently trading with a market cap of $653.63 million with an average daily trading volume of 53.46 million shares. So far this year, it has been under-performing the S&P by 102.5%.
Signature Bank | Closed down 25.82% at 9.31 cents yesterday
Signature Bank ended yesterday's session at 9.31 cents and lost 3.24 cents today, leading it to trade below the 10 cents level for the first time in 4 weeks. The US commercial bank has shed 99.9% over the past three months. So far this year, it has been doing worse than the Nasdaq by 115.04%. The company's market cap currently stands at $5.86 million with an average daily volume of 9.24 million shares. Signature Bank expected revenue of $629 million with an EPS of $3.94.
Bright Mountain Media | -22.73% at 4.25 cents
Having fallen 4.5 cents in 5 days, Yesterday's session continued the recent downtrend: during yesterday's session, Bright Mountain Media toiled and struggled for upward momentum before closing at 4.25 cents. By the close, the the digital media company suffered a 1.25 cents or 22.73% loss.
Cloudflare | -21.03% at $47.05
Cloudflare traded at $47.05 after making its biggest single-day drop of $12.53 (21.03%) since May 2022. The US content delivery network is trading 44.72% lower compared to the $95.25 high it reached over the past year. So far this year, it has been under-performing the Nasdaq by 7.9%. The US content delivery network's market cap currently stands at $15.61 billion with an average daily volume of 5.39 million shares.