These 2 Stocks Were on Big Shoppers' Lists on Black Friday
The day after Thanksgiving is often a quiet one on Wall Street, with many professionals choosing to take the opportunity for a rare four-day weekend. However, markets are open for trading until 1 p.m. ET, and futures contracts on major stock indexes suggested that stock prices would be flat to slightly higher overall when the shortened trading session begins.
Black Friday also has a reputation for shopping, and this year, it's not just happening online or at the malls. Shares of Silvergate Capital (NYSE: SI) and Manchester United (NYSE: MANU) got boosts in premarket trading as a combination of news and rumors swirled about some high-profile prospective buyers of their shares.
Shares of Silvergate Capital were up almost 2% on Friday morning, following an 11% rise on the day before Thanksgiving. The cryptocurrency banking expert has taken a hit recently due to concerns about exposure to the bankruptcy of digital asset exchange giant FTX, but a filing with the U.S. Securities and Exchange Commission (SEC) late Wednesday showed that Silvergate is attracting the attention of some well-known investors in the crypto space.
Source Fool.com
