02:11 PM EDT, 07/12/2024 (MT Newswires) -- Arbor Realty Trust ( ABR ) faces a probe by the Federal Bureau of Investigation and federal prosecutors on lending practices and claims about the performance of its loan book, Bloomberg reported, citing people familiar with the matter.

Arbor didn't immediately respond to a request for comment from MT Newswires.

The stock slid 16% as intraday volume topped 26.9 million shares versus the daily average of 3.6 million.

Wells Fargo's ( WFC ) Q2 results topped market expectations, but the lender's net interest income fell from a year earlier, trailing estimates.

Shares dropped 5.8% as volume topped 33.8 million versus the daily average of 17.7 million.

Shineco ( SISI ) priced an underwritten public offering of 1.87 million shares at $1.07 apiece, targeting $2 million in gross proceeds.

Shares tumbled 59% with volume topping 3.61 million versus the daily average of almost 433,000.

Price: 12.95, Change: -2.58, Percent Change: -16.60