Stocks Making the Greatest Movements Premarket 03/21

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Last Updated on March 21, 2023 by Bitfinsider

Tesla — The electric car manufacturer gained 2% after Moody’s upgraded it to a Baa3 rating and eliminated its junk-rated debt. According to Moody’s, the upgrade represents Tesla’s prudent financial strategy as well as management’s practical track record.

First Republic — The troubled bank rose nearly 19% in premarket trading, following a 90% drop this month as investors concentrated on its big quantity of unsecured assets. On Monday, CNBC’s David Faber revealed that JPMorgan Chase is advising First Republic on alternative investments.

UBS — The Swiss-based bank’s US-listed shares rose 4%, a day after rising 3.3% following its deal to purchase Credit Suisse for $3.2 billion. After falling 52.99% on Monday, Credit Suisse was basically unchanged in the premarket.

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