Why PacWest Bancorp Shares Are Trading Higher By Over 35%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Lisa Levin
PacWest Bancorp's shares surged by 35.6% after announcing a merger with Banc of California and reporting upbeat quarterly earnings. Other companies such as Warrantee Inc., AERWINS Technologies Inc., Banc of California, Inc., DISH Network Corporation, Golden Heaven Group Holdings Ltd., AIM ImmunoTech Inc., Tenable Holdings, Inc., AgileThought, Inc., and Alphabet Inc. also saw pre-market gains. On the other hand, Dunxin Financial Holdings Limited, Snap Inc., Aurora Acquisition Corp., AppHarvest, Inc., Yoshiharu Global Co., BioSig Technologies, Inc., Onfolio Holdings, Inc., Bellerophon Therapeutics, Inc., Tupperware Brands Corporation, and Microsoft Corporation experienced pre-market losses.
July 26, 2023 | 12:09 pm
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NEGATIVE IMPACT
Microsoft Corporation's shares fell despite reporting better-than-expected earnings and sales results for its fourth quarter, due to a weak sales outlook for the current quarter.
Despite positive earnings, the weak sales outlook for the current quarter has led to a fall in Microsoft Corporation's shares.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Banc of California's shares gained after announcing a merger with PacWest and posting better-than-expected quarterly earnings.
The merger announcement and positive earnings report have led to a gain in Banc of California's shares.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
PacWest Bancorp's shares surged after announcing a merger with Banc of California and reporting upbeat quarterly earnings.
The merger announcement and positive earnings report have led to a surge in PacWest Bancorp's shares.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100