Shares of Silvergate Capital (NYSE: SI) fell 18.2% in January, according to data from S&P Global Market Intelligence. The bank and financial services provider is still reeling from the FTX scandal that rocked the cryptocurrency markets in late 2022, which had a relationship with Silvergate. Silvergate is down 82% over the past six months, making it one of the worst-performing stocks in the United States over that timespan.
No one has a better view of a company's prospects than insiders. Andrew Rocco breaks down a stock with heavy recent insider selling.
Shares of the crypto bank were falling almost 30% following the publication of a Bloomberg article Thursday.