Credit Suisse, First Republic Bank, Halliburton, And More Stocks Move The Most Midday

‍Credit Suisse

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Saudi National Bank, Credit Suisse's biggest backer, has decided not to provide further financial assistance. The bank's shares plunged 25% after the announcement. As a result of the fallout from Silicon Valley Bank, Credit Suisse, and several other European banks' shares were briefly halted as prices plummeted on Wednesday.

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First Republic Bank

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A 3 percent plunge in the regional bank stock was attributed to turmoil at Credit Suisse and a downgrade of its debt rating from A- to BB+ by S&P Global Ratings. A 20% decline in PacWest shares was followed by a 2% gain in Western Alliance shares.

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U.S. banks 

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Investors were spooked by a recent Credit Suisse crisis on Wednesday, which sent major U.S. banks tumbling. There was a 5% drop in JPMorgan Chase and Goldman Sachs. A decline of 4% was recorded by Wells Fargo. Over 6% of Citigroup's and Morgan Stanley's shares fell.

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Energy stocks 

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Stocks in major energy companies fell after oil fell to its lowest level in over a year. In the past month, Halliburton and Marathon Oil have shed more than 10% of their stock. In the energy sector, APA Corporation and Devon Energy fell 9% each. There was an 8% decline in Diamondback Energy.

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SentinelOne

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A recent quarter that saw a smaller loss than expected boosted cybersecurity stock by more than 8%.

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New York Community Bancorp

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There was a significant spike in regional banks' stock prices, bucking the general trend of banks selling off. As part of its coverage, UBS gave New York Community Bancorp a buy rating, predicting a 50% rise in the company's stock.

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Smartsheet

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Trade Algo reported that the maker of work management software beat analyst earnings and revenue expectations for the fourth quarter, which led to a 15% increase in shares. The company also exceeded Wall Street's expectations for earnings in the first quarter and for the full year.

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Atlas Air Worldwide Holdings

All regulatory conditions for the merger agreement were met, resulting in a 3.1% increase in shares for the aircraft and aviation services company. A merger between Atlas Air and Northwest Airlines is expected to be finalized by March 17.

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Guess?

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As a result of releasing weak guidance for the first quarter and the full year, Trade Algo reports the clothing maker lost 7%.

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Freshpet

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The stock dropped 7% on Tuesday after activist investor JANA Partners stated Freshpet needs either a "significant change in its board or the company should be sold." The statement follows Freshpet's announcement of a new equity-linked capital raising.