Gainers
Provention Bio, Inc. (NASDAQ: PRVB) shares jumped 250.8% to $23.50 after Sanofi announced it will acquire the company for $25 per share in cash.
The collapse of Silicon Valley Bank (NASDAQ: SIVB) last week has sent the banking sector into a spiral, with the government stepping in to help backstop depositors. The news has regional banking stocks trading down significantly on Monday. Here’s what you need to know and the major movers.
The markets have offered investors a rollercoaster ride this week, with a flurry of activity and developments that have sent shockwaves through various sectors.
Companies Reporting Before The Bell
• Telefonaktiebolaget L M (NASDAQ:ERIC) is likely to report quarterly earnings at $0.21 per share on revenue of $7.50 billion.
The CNN Money Fear and Greed index moved to a "Neutral" zone after US stocks closed lower on Thursday.
The Dow Jones recorded losses for the third session in a row after investors grew concerned that the Fed will continue increasing interest rates despite signs of easing inflation.