02:30 PM EDT, 06/13/2025 (MT Newswires) -- SharpLink Gaming ( SBET ) shares slumped 69%, a day after the company announced a $462.9 million acquisition of ether (ETH).

The company said it raised $79 million in gross proceeds through its at-the-market facility and used the majority of the funds for additional ETH purchases.

Intraday volume topped 32.8 million shares versus the daily average of 2.21 million.

Jefferies cut its price target on PG&E ( PCG ) stock to $19 from $22.

PG&E ( PCG ) shares fell 4% with volume topping 29.8 million versus the daily average of almost 18.9 million.

Adobe (ADBE) shares fell 4.8% as RBC Capital Markets said the software maker will likely need more time to reap the benefits of its strategy designed to drive demand amid rising competition in generative artificial intelligence.

Volume topped 7.77 million versus the daily average of 3.62 million.

Price: 10.19, Change: -22.35, Percent Change: -68.69