Last Updated on March 23, 2023 by Bitfinsider
Coinbase — Shares of the bitcoin trading app fell more than 11% in premarket trading after the Securities and Exchange Commission issued a Wells warning to Coinbase. Oppenheimer also reduced the stock’s rating from outperform to perform, noting the Wells notice and concerns about blockchain growth in the United States. The Biden government also slammed the entire digital asset industry. Jefferies and Key Banc both expressed worries about Coinbase.
Regions Financial — The community bank’s stock rose 1.3% in premarket trading. Regions fell more than 6% on Wednesday following the Fed’s decision to raise base interest rates by 25 basis points and Chair Jerome Powell’s remarks that the banking system is well-equipped and secure.
Chewy — Despite exceeding expectations on the top and bottom lines for the fourth quarter, shares of the pet goods e-commerce business fell more than 5%. On $2.71 billion in sales, the business earned one cent per share. Refinitiv polled analysts predicted a loss of 11 cents per share on $2.64 billion in sales. The company’s engaged users measure, on the other hand, was marginally fewer year over year.
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