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April 04, 2023
- Signature Bank suffered relatively more than others yesterday after 7.16% dip Everbridge had a negative day yesterday (down 6.29%).
- Asia-Pacific markets are up as KOSPI Composite Index is up by 0.46%, hitting 2,483.73.
Before today's session: markets completed a mixed session yesterday, as Dow Jones closed the day at 33,600, having gained 0.98%. S&P 500 ended the session at 4,124.51 after a 0.37% gain.
US markets are now currently closed and set to reopen today; meanwhile, Asia-Pacific session in progress; markets are rising as KOSPI Composite Index climbs by 0.46%, reaching 2,483.73. European markets ended a mixed session yesterday whilst FTSE improves to 7,673 (up 0.54%).
This limbo state is reflected by market data published as United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7. United States ISM Manufacturing Employment (Mar) came out at 46.9, while a consensus of analysts was expecting 50. Fresh ISM Manufacturing Prices (Mar) data from United States came out at 49.2.
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC. United States ADP Nonfarm Employment Change (Mar) scheduled to come out tomorrow at 12:15 UTC. United States JOLTs Job Openings (Feb) will be released today at 14:00 UTC.
While markets were generally sideways yesterday, these assets pulled ahead as Diamondback Energy up 6.85% trading at $144.43.
Despite lacklustre price action, some assets lagged behind their peers as Signature Bank lost 7.16% yesterday before closing at 16.99 cents. Everbridge had a negative day yesterday (down 6.29%).
Signature Bank | Closed down 7.16% at 16.99 cents yesterday
Signature Bank has lost 29.21% over the last 4 days. Yesterday's session continued the recent downtrend: slightly down but mostly flat: Signature Bank ranged between 16.2 cents and 21.8 cents before closing at 16.99 cents. Daily trading volume (15.81 million shares) was slightly above the current multiday average of 14.17 million. Signature Bank disclosed a quarterly dividend of 70 cents per share on Thursday, January 12th that was paid on Friday, February 10th to all shareholders of record up until Friday, January 27th. Based on current prices, the company's decision thereby provides Signature Bank investors with an annual dividend yield of 1,648%.
Everbridge | -6.29% at $32.49
- Having set a significant high of $51.5 11 months ago, the US enterprise software company is trading 32.68% lower.
Everbridge traded at $32.49 after making its biggest single-day drop of $2.18 (6.29%) since Mar 9. The US enterprise software company is now trading 32.68% below the significant high of $51.5 it set around 11 months ago. The company's market cap currently stands at $1.31 billion with an average daily volume of 405,194 shares. Everbridge has a forecast of $116.16 million with an EPS of -11 cents.
