PacWest Bancorp is today's top mover after declining 44.94%
The leading indices are dropping — Dow Jones trades at 33,165 after losing 0.75%. S&P 500 drawing back 0.63% to 4,065.
Today's price action is taking place amid mixed market indicators – following a previous reading of 229,000, Initial Jobless Claims in United States released today at 12:30 UTC fell short of the 240,000 figure expected by analysts with an actual reading of 242,000.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with the most active stocks listed below.
Lemonade gains 26.24% ahead of the quarterly earnings report set for today
This session seems to remain in the same lane for now — after closing the previous trading day at $11.09, Lemonade is up to $14, which makes for a move of 26.24%/$2.91 today. The NY-based insurance company's market cap currently stands at $972.40 million with an average daily volume of 1 million shares.
Lemonade is scheduled to announce earnings results today. The consensus EPS estimate is -1.13 and the consensus revenue estimate is $88.17 million.
Shopify skyrockets to $58.37
After closing the previous trading day at $46.27, Shopify is up to $58.37, which makes for a move of 26.15%/$12.1 today. Shopify's market cap is currently $75.34 billion with an average daily volume of 12.35 million shares. So far this year, it has been beating the S&P 500 by 21.28%.
PacWest Bancorp | Currently down 44.94% at $3.54
The bank holding company trades at $3.54 after dropping by 44.94% ($2.88), its largest single-day drop since Mar 10. The multi-billion-dollar banking firm is now trading 78.13% below its 3-month high of $34.5. The company has a market cap of $425 million with an average daily volume of 17.67 million shares. PacWest Bancorp last reported revenue of $517.79 million with an EPS of $-10.22.
First Horizon Corporation | Currently down 36.21% at $9.6
After closing the previous day at $15.05, the largest bank in Tennessee dropped to $9, hitting its lowest point in 2 years. It later recovered 60 cents and is now trading at $9.6. The bank holding company is now trading 39.51% below the significant high of $24.88 it set around 2 months ago. So far this year, it has been under-performing the Nasdaq by 52.09%. First Horizon Corporation's market cap currently stands at $5.16 billion with an average daily trading volume of 5.72 million shares. $859 million was First Horizon Corporation's last reported revenue with 38 cents being the current EPS.