Why PacWest Bancorp Shares Are Trading Higher By 30%; Here Are 20 Stocks Moving Premarket

Gainers

• PacWest Bancorp PACW rose 29.9% to $12.66 in pre-market trading after multiple insider buys by Officers, Directors reported late Monday.
• First Republic Bank FRC rose 20% to $37.45 in pre-market trading. First Republic Bank shares dropped around 62% on Monday after the company said it improved its liquidity profile by increasing its borrowing facility from the Federal Reserve and JP Morgan.
• Western Alliance Bancorporation WAL rose 19.7% to $31.29 in pre-market trading after dropping more than 47% on Monday.
• Momentive Global Inc. MNTV shares rose 18.1% to $9.12 in pre-market trading as the company agreed to be acquired by Symphony Technology Group for $1.5 billion.
• Imperial Petroleum Inc. IMPP shares rose 16.4% to $0.1938 in pre-market trading. Imperial Petroleum reported termination of at-the-market equity offering program.
• Amylyx Pharmaceuticals, Inc. AMLX rose 15.4% to $36.01 in pre-market trading as the company posted a narrower-than-expected quarterly loss.
• Metropolitan Bank Holding Corp. MCB rose 15% to $28.30 in pre-market trading after dropping 44% on Monday.
• KeyCorp KEY shares rose 14.8% to $13.06 in pre-market trading after dropping 27% on Monday.
• Owlet, Inc. OWLT rose 13.2% to $0.42 in pre-market trading after dropping 8% on Monday. Owlet is expected to release its Q4 financial results after the market closes on March 15, 2023.
• Alterity Therapeutics Limited ATHE rose 9.6% to $3.44 in pre-market trading. Alterity Therapeutics announced granting of new composition of matter patent and exclusive license agreement for assets in Alzheimer's Disease.

Losers

• GitLab Inc. GTLB fell 31.1% to $30.75 in pre-market after the company issued weak revenue guidance.
• OKYO Pharma Limited OKYO fell 27.5% to $1.53 in pre-market trading as the company reported a $5.74 million private placement and investment by directors and senior management members
• Aspen Group, Inc. ASPU shares fell 12.9% to $0.1480 in pre-market trading after the company announced voluntary delisting from Nasdaq Capital Market.
• NextPlay Technologies, Inc. NXTP fell 12% to $0.95 in pre-market trading after dropping over 11% on Monday.
• Unicycive Therapeutics, Inc UNCY fell 12% to $1.91 in pre-market trading after declining 19% on Monday.
• Loyalty Ventures Inc. LYLT fell 11.8% to $0.1959 in pre-market trading after declining around 8% on Friday. Loyalty Ventures recently announced bankruptcy filings and plans to delist from the Nasdaq Global Select Market.
• BuzzFeed, Inc. BZFD shares dropped 11.7% to $1.13 in pre-market trading after the company issued weak first-quarter guidance.
• CohBar, Inc. CWBR fell 11.2% to $1.50 in pre-market trading. CohBar, during November, posted a Q3 loss of $0.82 per share.
• Toro Corp. TORO shares fell 9.7% to $3.59 in pre-market trading after gaining over 6% on Monday
• Cingulate Inc. CING fell 8.3% to $1.21 in pre-market trading. Cingulate shares dropped around 29% on Monday after the company reported worse-than-expected Q4 EPS results.

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