TELETRADER News
3/20, 12:05 PM
(Source: TeleTrader)
First Republic continues downward trend premarket
First Republic Bank's shares continued to plunge in Monday's premarket session following a week packed with negative sentiment surrounding the financial institution amid the ongoing banking crisis.
The bank's plans to sell new shares privately to raise funds were reported on Friday, a day after it announced it will halt its common stock dividend.
First Republic's stock plummeted 20.23% at 7:03 am ET to sell at $18.37.