Shares of
(ticker: FRC) were falling 45.9% in premarket trading to $1.90.
(PNC), which also was reported to be bidding on the assets of First Republic, fell 1.7%.
Other regional lenders traded mixed.
(PACW) was down 1.8%,
rose 0.1% (WAL),
(KEY) gained 0.1%, and
(ZION) was rising slightly.
(ISEE) was rising 18.1% to $38.84 after Japan’s Astellas Pharma agreed to buy the biopharmaceutical company for about $5.9 billion. Astellas will be paying $40 a share for
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(CVNA) gained 6.9% following a report from Bloomberg that said creditors holding about 90% of the used-car company’s bonds have proposed a debt-for-equity swap.
(XPEV),
(LI), and
(
) issued their reports for April deliveries on Monday. U.S.-listed shares of the Chinese electric-vehicle makers were rising in premarket trading, with
climbing 1.9%,
gaining 3.6%, and NIO up 0.9%.
General Motors (GM) gained 2.7% after the car maker was upgraded to Overweight from Equal Weight at
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(BIRD) climbed 3.2% after the shoe brand was upgraded to Outperform from Market Perform by analysts at Telsey Advisory.
(GPN) stock slipped 0.3% after the payments software company beat on first-quarter earnings and raised its fiscal-year guidance. The company also said in a filing that Cameron Bready, current president and chief operating officer, will succeed Jeffrey Sloan as chief executive, effective June 1.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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Read More: First Republic, JPMorgan, Iveric Bio, Carvana, GM, and More Stock Market Movers
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