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Midday movers: Credit Suisse, Halliburton, Freshpet and more

By Liz Moyer

Investing.com -- Stocks shed more than 500 points on Wednesday after renewed fears about a building banking crisis. Here are the midday movers for March 15.

  • Credit Suisse Group (NYSE:CS) shares fell 21% after a big investor, the Saudi National Bank, said regulations prevented it from providing more financial backing. That was enough to sink shares of other banks, including First Republic Bank (NYSE:FRC), which was down 20%.
  • Halliburton Company (NYSE:HAL) shares fell more than 10% as did those of Marathon Oil Corporation (NYSE:MRO) as the sector felt pressure from falling oil prices. WTI was down more than 6% at midday, while Brent crude fell 6.4%.

  • Freshpet Inc (NASDAQ:FRPT) shares fell 2.8% after the activist investor Jana Partners criticized its attempt to raise capital and called for a significant change to the board or a sale of the company.

  • Vacasa Inc (NASDAQ:VCSA) shares tumbled 29% after the vacation rental firm reported a bigger fourth-quarter loss per share compared to one year ago and offered a disappointing revenue outlook.

  • Charles Schwab Corp (NYSE:SCHW) shares were up 3.3% after falling this week as investors spooked by the banking news dumped shares of financial companies. Company insiders stepped up to buy shares on Tuesday.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.