Stocks Making the Greatest Movements Premarket 03/16

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Last Updated on March 16, 2023 by Bitfinsider

Credit Suisse — Credit Suisse’s U.S.-listed shares rose nearly 6% after the Swiss bank announced plans to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. On Wednesday, the stock fell 13.9% after its biggest backers said they couldn’t provide any more financing.

Adobe — Shares of the software behemoth climbed 5.4% after the company raised its profit projection for fiscal 2023 and reported quarterly results that exceeded Wall Street expectations. It raised its full-year income and net new recurring revenue forecasts for its digital media company.

Occidental Petroleum — Shares climbed nearly 1% after Warren Buffett’s Berkshire Hathaway purchased an additional 7.9 million shares for a total of $466.7 million.

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