Stocks with big midday gains: CS, FRC, HAL

A person walks past the First Republic Bank headquarters in San Francisco, California, on March 13, 2023.

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Check out the companies making headlines in midday trading.

credit suisse — U.S.-listed Credit Suisse plunged nearly 14% after its biggest backer, the National Bank of Saudi Arabia, said Swiss banks will not be provided with further financial help.Credit Suisse and several other European banks, including general societyItalian easter hill and UniCredit Bankyes Trading briefly halted on Wednesday As prices plummet under the impact Silicon Valley Bank.

first republic bank — Regional Bank Shares plummeted 21.4%giving back some of Tuesday’s gains as turmoil at Credit Suisse rocked the broader sector and S&P Global Ratings downgraded its debt rating From A- to BB+. west Pacific Shares fell 12.9 percent, while Western Union Shares rose 0.6%.

Bank of America — Major U.S. banks tumbled on Wednesday as jitters over Credit Suisse’s latest crisis spooked some investors. JPMorgan and Goldman Sachs They fell about 4.7% and 3.1%, respectively. FuGuo bank down 3.3%. Citigroup and Morgan Stanley Each was reduced by more than 5%.

Energy stocks – Major energy stocks take a hit as oil prices hit their lows lowest level in more than a year. Halliburton and marathon oil They fell 9% and 8.5%, respectively. Asia Pacific company and Devon Energy down about 8%. rattlesnake energy It fell more than 7%.

Sentinel One — Cybersecurity stocks rose more than 7% after a smaller-than-expected loss in the latest quarter.

New York Community Bank — Regional banks jumped more than 57%, bucking the broader sell-off in bank stocks. UBS assumes coverage New York Community Bancorp has a buy rating, saying shares could rise 50%.

smart watch – Shares of the work management software maker rose 17.8% after reporting fourth-quarter earnings and revenue that topped analysts’ expectations, according to FactSet. Earnings guidance for the first quarter and full year also beat Wall Street forecasts.

Atlas Aviation Worldwide Holdings — Shares of the aircraft and aviation services company rose 3.2% The following messages indicate all regulatory conditions Satisfied with closing its merger agreement. Atlas Air expects to complete the merger around March 17.

guess? — The apparel maker fell 5.2% after issuing weak guidance for the first quarter and the full year, according to FactSet.

fresh pet — Shares fell 1.8% after the acquisitionActivist investor JANA Partners Freshpet said either “substantial changes to the board, or, in the absence of such changes, should be sold”.The announcement was made at the pet food company Equity Linked Financing Tuesday.

— CNBC’s Michelle Fox, Tanaya Macheel, Alex Harring, Hakyung Kim, Pia Singh and Sarah Min contributed reporting.

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