Nasdaq Halts SVB Financial Group

Rhea-AI Summary

The Nasdaq Stock Market announced a trading halt for SVB Financial Group (Nasdaq: SIVB and SIVBP) on March 10, 2023, at 08:35:18 Eastern Time due to "news dissemination". The last sale prices were reported at $106.04 for SIVB and $15.23 for SIVBP. Trading will remain suspended until SVB Financial Group complies with Nasdaq's request for additional information. Investors and interested parties are advised to check the company's symbol for further updates on the Nasdaq website.

Positive

• None.

Negative

• Trading halted due to unspecified news, which may indicate potential issues at SVB Financial Group.
• Uncertainty surrounding the duration of the trading suspension could lead to market volatility.

NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market^® (Nasdaq: NDAQ) announced that trading was halted on March 10, 2023 in SVB Financial Group (Nasdaq: SIVB and SIVBP) at 08:35:18 Eastern Time for "news dissemination” from the company at a last sale price of $106.04 (Nasdaq: SIVB), and $15.23 (Nasdaq: SIVBP).

Trading will remain halted until SVB Financial Group has fully satisfied Nasdaq’s request for additional information.

For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotes℠ on the Nasdaq^® Web site.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.

Nasdaq Media Contact:

Sophia Weiss
sophia.weiss@nasdaq.com

NDAQO

FAQ

Why was trading halted for SVB Financial Group (NDAQ) on March 10, 2023?

Trading was halted for SVB Financial Group due to "news dissemination" as requested by Nasdaq.

What were the last sale prices for SVB Financial Group (SIVB and SIVBP) before the halt?

The last sale prices were $106.04 for SIVB and $15.23 for SIVBP.

When will trading for SVB Financial Group (NDAQ) resume?

Trading will resume once SVB Financial Group satisfies Nasdaq's request for additional information.

What is the impact of the trading halt on shareholders of SVB Financial Group (NDAQ)?

The trading halt introduces uncertainty and potential volatility for shareholders until the situation is clarified.