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. 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 (NYSE: SI) had gained 10.1% as of 3:05 p.m. ET on heavy trading volume. The jump was a welcome respite from Silvergate's plunging price trend in recent weeks, as the crypto-friendly bank was hit by fallout from the FXT crypto exchange's financial meltdown. FTX-related concerns drove Silvergate's stock 26% lower between Nov. 7 and Tuesday's closing bell.
The purchase make Brendan Blumer the largest holder of Silvergate Capital.