Stocks Making the Greatest Movements Premarket 03/09

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Last Updated on March 9, 2023 by Bitfinsider

Silvergate Capital — The crypto lender’s stock dropped 50% after the business declared it would cease operations and dissolve Silvergate Bank. The announcement comes about a week after the bank cautioned that it might not be able to continue operations, and it follows a succession of financial challenges and government probes in the wake of the bank’s customer, FTX.

Uber — Uber shares gained about 2% in premarket trading following a Bloomberg story that the ride-hailing company is contemplating spinning off its freight logistics business. In the fourth quarter, the freight business generated $1.5 billion in income.

MongoDB — The database software provider’s stock fell more than 10% in premarket trading. The drop occurred after MongoDB provided poor revenue forecasts, which disappointed investors. The business did report fourth-quarter profits and revenue that exceeded forecasts.

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