Movers & Shakers: Silvergate Capital shares tumble amid crypto fallout and Asana stock surges on upbeat guidance

by | Mar 9, 2023 | Stock Market

These were some of the biggest movers among U.S. stocks on Thursday: Stock gainers:
Asana Inc.
stock climbed 21% in premarket trading after the project management software provider reported narrower-than-expected fourth-quarter losses and forecast that trend to continue in the first quarter. Shares of Asana have tumbled 60% over the past two months.

BJ’s Wholesale Club Inc. stock
rose 3.3% after the membership-only warehouse club chain posted better-than-expected earnings for its fiscal fourth quarter. Membership fee income rose 8% and the company had a record 90% tenured member renewal rate, but costs were also higher.

Uber Technologies Inc.
shares rose 2% in premarket after Bloomberg reported on Wednesday that the ride-hailing food and package delivery company was considering a spinoff of its struggling Uber Freight business. An Uber spokesman did not immediately return a request for comment.

Stock decliners:

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