SI - Hot Stocks: SI leads regional banks higher; ANIP spikes; ON earnings; MRTX plunges; LIAN IPO

November, 01 2021 05:59 PM Silvergate Capital Corp - Class A

Regional banks provided a significant bright spot on a generally lackluster session on Monday. A more than 20% gain in Silvergate Capital (NYSE:SI) led the sector higher, as investors focused on the company's cryptocurrency operations, part of a diversification that has marked the space recently. Gains were also seen in Regions Financial (NYSE:RF), Sterling Bancorp (NYSE:STL), Signature Bank (NASDAQ:SBNY) and East West Bancorp (NASDAQ:EWBC). ANI Pharmaceuticals (NASDAQ:ANIP) represented another major winner on the session. The stock popped 50% on strong quarterly results and a regulatory approval. Elsewhere, earnings news sparked a double-digit percentage gain in ON Semiconductor (NASDAQ:ON), which rose to a new 52-week high. Looking at some of the day's biggest decliners, Mirati (NASDAQ:MRTX) plummeted on a C-Suite shakeup that saw the sudden departure of two high-ranking executives. Meanwhile, LianBio (NASDAQ:LIAN) got its Wall Street career off to a shaky start, ending its first post-IPO session sharply lower. Sector

For further details see:

Hot Stocks: SI leads regional banks higher; ANIP spikes; ON earnings; MRTX plunges; LIAN IPO

Company Name:	Silvergate Capital Corp - Class A
Stock Symbol:	SI
Market:	NYSE

Twitter