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Tesla, Coinbase and Trump Media rise premarket; Sapiens slumps

investing.com 11/11/2024 - 11:54 AM

US Stock Futures Rise

US stock futures rose Monday, marking the start of a new week filled with key inflation data and numerous Federal Reserve speakers.

Biggest Premarket Movers

  • Tesla (NASDAQ:TSLA): Stock rose 7% after closing above the $1 trillion mark, driven by expectations of favorable treatment from President-elect Donald Trump.
  • Coinbase Global (NASDAQ:COIN): Stock soared 16%, benefiting from sharp gains in bitcoin, the leading digital currency.
  • Trump Media & Technology (NASDAQ:DJT): Stock rose 5.8% as President-elect Donald Trump indicated he wouldn’t sell his shares in the company owning Truth Social.
  • Sapiens International (NASDAQ:SPNS): Stock fell 16% after cutting annual revenue guidance and missing Q3 expectations.
  • Autolus Therapeutics (NASDAQ:AUTL): Stock rose 15% following US regulators’ approval of its cell therapy for acute lymphoblastic leukemia.
  • Novo Nordisk (NYSE:NVO): Stock climbed 1.4% after being placed on JPMorgan’s Catalyst Watch list, indicating anticipation for its development pipeline.
  • Cisco Systems (NASDAQ:CSCO): Stock rose 1.9% after JPMorgan upgraded its stance from ‘neutral’ to ‘overweight’, anticipating further upside potential.



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