Stocks making the biggest moves midday: General Electric, Silvergate Capital, Peloton, Etsy and more

Check retired the companies making the biggest moves midday:

General Electric — The banal gained 6.3% aft the institution provided an update up of its capitalist meeting, including reaffirming its 2023 guidance with high-single-digit integrated gross growth, adjusted net per stock of $1.60-$2 and escaped currency travel of $3.4 cardinal to $4.2 billion.

Silvergate Capital — The crypto lender's banal sank 23% aft the institution announced it volition upwind down operations and liquidate Silvergate Bank. The slope has been struggling for months, including reporting a $1 cardinal nett nonaccomplishment successful the 4th quarter.

SVB Financial — Shares of the fiscal services company's banal tumbled 46% aft the steadfast said it intends to connection $1.25 cardinal of its communal banal and $500 cardinal of depositary shares. SVB Financial besides chopped its first-quarter nett income guidance.

Asana — Shares soared 19.6% aft the institution reported a fourth-quarter adjusted nonaccomplishment of 15 cents per share, little than the 27-cent mislaid expected by Refinitiv. Revenue came successful astatine $150.2 million, topping the $145 cardinal expected. CEO Dustin Moskovitz besides said helium was buying 30 cardinal shares.

BJ's Wholesale Club — Shares gained 5.1% aft the wholesale retailer institution reported adjusted net of $1 per share, beating StreetAccount's estimation of 88 cents per share. Revenue besides topped expectations.

Duckhorn Portfolio — The luxury winemaker rallied 6.3% aft reporting fiscal second-quarter gross that topped Wall Street's expectations. Revenue came successful astatine $103.5 cardinal compared to the $101.7 cardinal expected. Adjusted net per stock came successful 1 cent up of estimates astatine 18 cents.

PayPal — Shares of the payments exertion level gained 3.5% pursuing CEO Daniel Schulman's comments astatine a league that the institution is seeing spot beyond what was expected crossed the business. He besides noted that discretionary spending is starting to travel backmost arsenic ostentation cools.

MongoDB — The banal slid 7.9% aft the database level supplier offered anemic guidance connected gross that disappointed investors. However, MongoDB's fourth-quarter net and gross bushed analysts' expectations.

Etsy — Shares connected the online marketplace fell 4.6% pursuing a treble downgrade to underperform from buy by Jefferies. The steadfast said the institution volition request to walk much connected marketing, which volition successful crook unit EBITDA, arsenic purchaser churn increases.

Peloton Interactive — The banal shed 4% aft the U.S. planetary commercialized committee banned imports of video-streaming devices made by the fittingness instrumentality maker. A Peloton spokesperson told Reuters the ruling volition not disrupt work for users. President Joe Biden has 60 days to reappraisal the prohibition earlier it takes effect.

Credit Suisse — The Swiss bank's U.S.-traded shares fell astir 2.2% aft Credit Suisse announced it would hold its yearly report aft receiving comments from the Securities and Exchange Commission. The regulator's concerns were related to revisions to currency travel statements from 2019 and 2020, the slope said.

Baidu — The Chinese net banal mislaid 6.1% pursuing a Wall Street Journal report that employees are racing to conscionable the deadline for the company's ChatGPT equivalent, which is inactive struggling to execute immoderate basal functions.

General Motors — Shares of the Detroit-based automaker dipped 3% amid quality that the institution is offering buyout to a "majority" of its white-collar employees.

— CNBC's Alex Harring, Samantha Subin and Jesse Pound contributed reporting.