Stocks making the biggest moves midday: Silvergate Capital, Bed Bath & Beyond, Walgreens and more

— 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 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 parikshitm899 I love how every reply to this is a bot spamming some crypto bullshit. parikshitm899 Thank god. The last thing anyone needs in crypto is a bank in the middle. kryptoclass
Source: CoinDesk - 🏆 291. / 63 Read more »