Stocks of multiple banks get halted for volatility, more than once, to start the trading day
To gauge the panic-like activity of bank investors in the wake of the recent failures of SVB Financial Group's (SIVB)Silicon Valley Bank and Signature Bank(SBNY), investors can check out the Nasdaq's "Current Trading Halts" page. Multiple banks have had their stock halted for volatility, some more than once, since the opening bell. Among some of those that have already been halted at least twice, shares of Western Alliance Bancorp(WAL) plummeted 78.2%, Regions Financial Corp. (RF) sank 15.6%, First Republic Bank(FRC) plunged 65.5%, Comerica Inc. (CMA) tumbled 39.4% and PacWest Bancorp. (PACW) took a 47.7% dive. The selloffs come as the S&P 500 inched up 0.1%, erasing an earlier drop of as much as 1.4%.
-Tomi Kilgore
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March 13, 2023 10:00 ET (14:00 GMT)
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