Stocks making the biggest moves premarket: Pinterest, First Citizens, Caterpillar & more

Jim Umpleby, CEO of Caterpillar Inc.
Adam Jeffery | CNBC

Check out the companies making headlines before the bell.

PinterestUBS upgraded the social media stock to buy and said shares could pop more than 25% as the company improves its advertising strategy.

First Citizens BancSharesnews that First Citizens will buy around $72 billion of Silicon Valley Bank assets at a discount of $16.5 billion.

First RepublicPacWest — Regional bank stocks were moving higher on Monday following a report from Bloomberg News that U.S. authorities were considering expanding government support for banks to provide additional liquidity. Shares of First Republic jumped 23% in premarket trading, while PacWest Bancorp rose about 9%, and Western Alliance



Dish Networkclass-action lawsuit was announced against the company by Dish investors who purchased the stock between Feb. 22, 2023 and Feb. 27, 2023. The lawsuit alleges that Dish overstated its efficiency and infrastructure capabilities as it experienced a widespread network outage due to a cybersecurity breach last month. Shares are down almost 38% year to date.

Ollie’s Bargain Outlet Holdings


— CNBC’s Jesse Pound, Sarah Min Hakyung Kim, and Samantha Subin contributed reporting.

Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more

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