Thursday’s Premarket Stock Moves: Etsy, Silvergate Capital, Silvergate Capital, Uber, Credit Suisse
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Etsy ($ETSY@US) shares fell more than 6 percent in premarket trading after Jefferies double-downgraded the online marketplace to underperform from buy. Silvergate Capital ($SI@US) plummeted 50 percent after the company announced that it was shuttering operations and liquidating. Uber ($UBER@US) rose 2 percent in premarket trading after a Bloomberg report stating that the ride-share company is spinning off its freight logistics division. U.S.-traded shares of Credit Suisse ($CS@Switzerland) fell more than 4 percent in pre-market trading after the global investment bank announced that it would delay its 2022 annual report after receiving comments from the Securities and Exchange Commission.