First Republic Bank, PacWest Bancorp, Western Alliance Bancorporation And Other Big Stocks Moving Higher On Tuesday

U.S. stocks traded higher, with the Nasdaq Composite gaining more than 200 points on Tuesday. Here are some big stocks recording gains in today’s session.

• First Republic Bank (NYSE:FRC) gained 45% to $45.24 as part of what appears to be a relief rally in the financial sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions.
• PacWest Bancorp (NASDAQ:PACW) shares gained 44.7% to $14.11 after multiple insider buys by Officers, Directors reported late Monday. Several bank names bounced back after facing heavy selling pressure over the last few trading sessions. Multiple insider buys by Officers, Directors reported late Monday.
• Western Alliance Bancorporation (NYSE:WAL) shares jumped 36% to $35.63. Wells Fargo maintained an Overweight rating on the stock, but lowered its price target from $90 to $65. Western Alliance Bancorporation’s form 13G showed Citadel Advisors LLC increased stake in company to 5.3%.
• Ambipar Emergency Response (NYSE:AMBI) gained 33.6% to $7.55.
• Metropolitan Bank Holding Corp. (NYSE:MCB) surged 32.7% to $33.88 after dropping 44% on Monday.
• Avid Bioservices, Inc. (NASDAQ:CDMO) jumped 30.6% to $18.05 following upbeat quarterly earnings.
• Seacoast Banking Corporation of Florida (NASDAQ:SBCF) climbed 23.2% to $26.05.
• First Foundation Inc. (NASDAQ:FFWM) rose 20.4% to $9.34.
• Momentive Global Inc. (NASDAQ:MNTV) shares surged 19.4% to $9.22 as the company agreed to be acquired by Symphony Technology Group for $1.5 billion.
• Coastal Financial Corporation (NASDAQ:CCB) jumped 18.1% to $38.66.
• KeyCorp (NYSE:KEY) shares gained 17.5% to $13.38 after dropping 27% on Monday.
• Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) gained 16.2% to $36.21 as the company posted a narrower-than-expected quarterly loss.
• The Bancorp, Inc. (NASDAQ:TBBK) surged 16.2% to $30.21.
• Genelux Corporation (NASDAQ:GNLX) gained 15.7% to $16.50.
• Veritex Holdings, Inc. (NASDAQ:VBTX) rose 15.6% to $20.05.
• Hut 8 Mining Corp. (NYSE:HUT) gained 14.7% to $1.72.
• Texas Capital Bancshares, Inc. (NASDAQ:TCBI) rose 14.7% to $58.97.
• Bunge Limited (NYSE:BG) climbed 14.1% to $104.30 after it was announced the company will replace Signature Bank in the S&P 500.
• B. Riley Financial, Inc. (NASDAQ:RILY) surged 13% to $33.89. Synchronoss Technologies confirmed that on March 10, 2023, it received a non-binding proposal from B. Riley Financial to acquire all outstanding shares for $1.15 per share, payable in cash.
• Univar Solutions Inc. (NYSE:UNVR) gained 12.3% to $34.99. Apollo Global Management agreed to acquire chemical and ingredient distributor Univar Solutions in an all-cash transaction that values the company at an enterprise value of approximately $8.1 billion.
• Cvent Holding Corp. (NASDAQ:CVT) rose 12.2% to $8.31 after the company announced it will be acquired by Blackstone for $8.50 per share.
• Q2 Holdings, Inc. (NYSE:QTWO) surged 12% to $23.38. Piper Sandler maintained Q2 Holdings with an Underweight and lowered the price target from $26 to $20.
• Axos Financial, Inc. (NYSE:AX) jumped 10.6% to $37.63.
• Dime Community Bancshares, Inc. (NASDAQ:DCOM) gained 10.6% to $25.52.
• Cipher Mining Inc. (NASDAQ:CIFR) gained 9.6% to $1.9950 after the company provided a Q4 and full year 2022 business update.
• Cullen/Frost Bankers, Inc. (NYSE:CFR) rose 9.2% to $113.26.
• Webster Financial Corporation (NYSE:WBS) jumped 9% to $40.93. Shares of banks traded higher as part of what appears to be a relief rally in the sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions.
• Bank of Hawaii Corporation (NYSE:BOH) gained 8.7% to $56.25.
• Chart Industries, Inc. (NASDAQ:GTLS) jumped 8.2% to $126.06. Chart Industries received all regulatory clearances to close the acquisition of Howden.
• Coinbase Global, Inc. (NASDAQ:COIN) rose 7.2% to $63.41. Shares of several companies in the broader financials space traded higher as part of what appears to be a relief rally in the sector as several bank names bounce back after facing heavy selling pressure over the last few trading sessions.

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