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Asana Chairman and CEO Dustin Moskovitz disclosed plans to buy up to 30 million shares of the software company’s Class A common stock.
Gabby Jones/Bloomberg
Stock futures were slipping Thursday as investors continued to weigh whether higher interest rates will lead the U.S. economy into a recession.
These stocks were poised to make moves Thursday:
Asana (ASAN) was jumping 20.5% in premarket trading after Chairman and CEO Dustin Moskovitz, the company’s founder, disclosed plans to buy up to 30 million shares of the software company’s Class A common stock. The company also said it expects a fiscal first-quarter loss narrower than Wall Street forecasts.
MongoDB
(MDB), the cloud-based database software provider, fell 11.9% in premarket trading after issuing revenue forecasts for the fiscal first quarter and year that were below analysts’ expectations.
Silvergate Capital
(SI) declined 444% after announcing that subsidiary Silvergate Bank, the crypto-focused bank, would wind down operations and liquidate. Silvergate said in a filing with the Securities and Exchange Commission last week that it would delay the filing of its annual report and was assessing its ability to “continue as a going concern.”
American depositary receipts of
Credit Suisse
(CS) fell 4.5% after the Swiss bank said it would delay publication of its annual report for 2022 following a “late call” from Securities and Exchange Commission.
Credit Suisse
said the SEC raised questions over the technical…
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