Market Updates
Movers: Meta Inc, Micron Technology, PacWest Bancorp
Scott Peters
22 May, 2023
New York City
Micron Technology Inc decreased 4.8% to $64.90 after China's cyberspace agency banned the sale of its products.
Meta Platforms Inc declined 1.2% to $242.60 after European regulators slapped the parent of Facebook with a $1.3 billion fine for violating the data privacy laws.
Meta said it will appeal the decision.
Wise PLC decreased 2.2% to 586.40 pence after the company said CEO Kristo Kaarman will take paternity leave starting in September and CFO Matt Briers is planning to leave the company next year.
CTO Harsh Sinha will assume the role of interim chief executive.
PacWest Bancorp increased 8.0% to $6.19 after the regional bank sold $2.6 billion of construction loans to a Kennedy-Wilson Holding subsidiary.
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