Midday movers: DocuSign, Oracle, Signature Bank and more

Investing.com

10 Mar 2023

By Liz Moyer

Investing.com -- Stocks are falling as the shutdown of SVB Financial sends shockwaves through the banking sector. Here are the midday movers for March 10.

DocuSign Inc (NASDAQ:DOCU) shares were down 21% after it reported better-than-expected revenue and a profit for the fourth quarter. Analysts expressed concerns about the departure of its CFO later this year. JPMorgan Chase analysts cut their rating to Underweight from Neutral. Oracle Corporation (NYSE:ORCL) shares were down 4.2% after the software maker reported lower-than-expected revenue in the recent quarter, though it was up 18% from the same quarter a year ago.

Signature Bank (NASDAQ:SBNY) shares were down 23% as banks got caught in a sell-off after the closure of SVB Financial, which tried and failed to raise capital. $First Republic Bank(FRC-N)$ (NYSE:FRC) shares are also down 22% and Charles Schwab (NYSE:SCHW) shares are down 7.8%.

Gap Inc (NYSE:GPS) shares were down 6% after the casual clothing retailer posted a wider quarterly loss than one year ago and declining revenue that fell short of expectations.

Allbirds Inc (NASDAQ:BIRD) shares were down 45% after the footwear maker said it was overhauling its strategy and shuffling management. For the fourth quarter, its loss was wider than a year ago and sales fell 13%.

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Here are the midday movers for March 10.</p>\n<strong> DocuSign Inc </strong>(NASDAQ:DOCU) shares were down 21% after it reported better-than-expected revenue and a profit for the \nfourth quarter. Analysts expressed concerns about the departure of its CFO later this year. 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Here are the midday movers for March 10.\n DocuSign Inc (NASDAQ:DOCU) ...</p>\n\n<a href=\"https://finance.yahoo.com/news/midday-movers-docusign-oracle-signature-140500052.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBNY","symbol_name":"签字银行","start_time":0,"source_url":"https://finance.yahoo.com/news/midday-movers-docusign-oracle-signature-140500052.html","article_id":"2318840758","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2318840758","pubTimestamp":1678457100,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"By Liz Moyer\nInvesting.com -- Stocks are falling as the shutdown of SVB Financial sends shockwaves t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SBNY":"签字银行","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4538":"云计算","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BIRD":"Allbirds, Inc.","BK4588":"碎股","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","ORCL":"甲骨文","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","DOCU":"Docusign","LU0861579265.USD":"联博低波幅策略股票基金A","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4097":"系统软件","BK4581":"高盛持仓","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4516":"特朗普概念","BK4528":"SaaS概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4023":"应用软件","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"正午移动：DocuSign、Oracle、Signature Bank等等","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BIRD":0.9,"DOCU":0.9,"GPS":0.9,"ORCL":1,"SBNY":0.9,"SBNYP":0.9},"content_text":"By Liz Moyer\nInvesting.com -- Stocks are falling as the shutdown of SVB Financial sends shockwaves through the banking sector. Here are the midday movers for March 10.\n DocuSign Inc (NASDAQ:DOCU) shares were down 21% after it reported better-than-expected revenue and a profit for the \nfourth quarter. Analysts expressed concerns about the departure of its CFO later this year. JPMorgan Chase analysts cut their rating to Underweight from Neutral. \nOracle Corporation (NYSE:ORCL) shares were down 4.2% after the software maker \nreported lower-than-expected revenue in the recent quarter, though it was up 18% from the same quarter a year ago. \n Signature Bank (NASDAQ:SBNY) shares were down 23% as banks got caught in a sell-off after the closure of SVB Financial, which tried and failed to raise capital.  $First Republic Bank(FRC-N)$  (NYSE:FRC) shares are also down 22% and  Charles Schwab  (NYSE:SCHW) shares are down 7.8%.\nGap Inc (NYSE:GPS) shares were down 6% after the casual clothing retailer \nposted a wider quarterly loss than one year ago and declining revenue that fell short of expectations.  \n Allbirds Inc (NASDAQ:BIRD) shares were down 45% after the footwear maker said it was overhauling its strategy and shuffling management. For the fourth quarter, its loss was wider than a year ago and sales fell 13%.\nRelated Articles\nMidday movers: DocuSign, Oracle, Signature Bank and more\nCERAWEEK-U.S. Senator Joe Manchin blasts Ford's battery deal with China's CATL\nFAA approves restarting Boeing 787 Dreamliner deliveries next week","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}