First Republic Bank Trading Halted Due to Volatility As Price Continues to Fall
First Republic Bank saw its trading halted Wednesday after the stock market opened. Subsequently, volatility was cited as the reason for the stoppage, as prices on the bank’s stock reached 52-week lows. The trading halt occurred following reports of a potential US government seizure of the bank. Additionally, First Republic Bank had its trading halted yesterday for the same reason, as the price is down 94% on the year. JUST IN: First Republic Bank $FRC stock trading halted, citing volatility, after sinking another 18% today. pic.twitter.com/VerYfEf24V — Watcher.Guru (@WatcherGuru) April 26, 2023 First Republic Troubles Continue In the midst of a developing crisis, First Republic Bank has seen its trading halted due to volatility for the second consecutive day. Moreover, the prices of the financial institution plummeted to start trading on Wednesday as the banks continued exploring salvational measures. The bank’s price had seen a fall of more than 23%, foll...