Stocks making the biggest premarket moves: Credit Suisse, Snap, Adobe, PagerDuty & more
In this article Check out the companies making the biggest moves in premarket trading: Credit Suisse — U.S.-listed shares of Credit Suisse gained nearly 6% after the Swiss bank said it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank.
The stock tumbled 13.9% on Wednesday after its largest investors said it couldn't provide any more funding. Snap, Meta — Snap rallied 6%, while Meta rose 1.5% following a Wall Street Journal report that the Biden administration said competitor TikTok could be banned unless it is sold by its Chinese owner, ByteDance.
A separate report by Bloomberg said TikTok is considering splitting from ByteDance if a deal with the U.S. fails. Regional banks — Regional banks continued their slide amid the fallout of Silicon Valley Bank's failure.
First Republic Bank tumbled nearly 28%, and Zions Bancorporation lost 3.6%. Comerica shed 1.6%. Dollar General — The discount retailer sank 1.6% after its quarterly same-store sales missed Wall Street's estimates.
Read more on cnbc.com
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