These are the stocks posting the largest moves in midday trading.
— Shares of the new public company fell 3% on their second day of trading, after rallying 8% on Wednesday. The company was spun off from General Electric as part of the conglomerate's plan to break up into three separate companies.
GE's energy segment is expected to split off next year, leaving GE to focus solely on aviation.— The global integrated payment company's stock shed more than 2% after being downgraded to underweight from equal weight by Stephens. The firm said it was concerned about American Express' cushion heading into a recession and cut its price target on the stock to $134 per share from $146.
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Silvergate Capital shares sink as crypto-related deposits plungeSilvergate Capital Corp reported a sharp drop in fourth-quarter crypto-related deposits on Thursday and said it would cut its workforce by 40%, or about 200 employees, as withdrawals surged following the collapse of industry major FTX.
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U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTXThe U.S. is seizing assets tied to FTX valued at hundreds of millions of dollars, including Robinhood shares and money in Silvergate accounts
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Feds move to seize Robinhood shares, Silvergate accounts tied to FTXFederal authorities are moving to seize hundreds of millions of dollars in assets in the U.S. tied to the bankrupt cryptocurrency exchange FTX, a sign that...
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WSJ News Exclusive | Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto MeltdownSilvergate is paring back its businesses after taking a $718 million loss in the fourth quarter selling debt securities to raise cash
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Silvergate Cuts 40% Jobs, Writes Off Diem Asset AcquisitionCrypto-focussed bank Silvergate has laid off 40% of its staff or around 200 employees as it also shelves plans of launching its own digital currency. By parikshitm899
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Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloffThe collapse of crypto exchange FTX sparked a run on Silvergate Capital, and the bank raced to sell assets to cover about $8.1 billion in withdrawals.
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