GDS Holdings, Coinbase And Other Big Stocks Moving Higher In Monday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
In Monday's pre-market session, several stocks showed significant movement. GDS Holdings Limited (GDS) saw a sharp increase after reports of investment talks by Hillhouse Capital, Boyu Capital, and CDH Investments. Other stocks like Graphite Bio, Inc. (GRPH), Kingsoft Cloud Holdings Limited (KC), Revance Therapeutics, Inc. (RVNC), NuScale Power Corporation (SMR), Hesai Group (HSAI), MicroStrategy Incorporated (MSTR), Marathon Digital Holdings, Inc. (MARA), and Coinbase Global, Inc. (COIN) also recorded gains, with some driven by upcoming financial results and others by the strength in Bitcoin.
March 11, 2024 | 9:50 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Coinbase Global, Inc. shares rose 6.4% in pre-market trading amid continued strength in Bitcoin and a recent upgrade from Goldman Sachs.
Coinbase's stock price increase is influenced by the positive momentum in Bitcoin and an upgrade by Goldman Sachs, suggesting a bullish outlook for the stock.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
GDS Holdings Limited shares surged 17.7% in pre-market trading after reports of investment talks with Hillhouse Capital, Boyu Capital, and CDH Investments.
The sharp increase in GDS Holdings Limited's stock price is directly attributed to the news of potential investment by reputable firms, indicating strong investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Graphite Bio, Inc. climbed 19.4% in pre-market trading after declaring a special dividend in connection with a proposed merger with Lenz Therapeutics.
The significant pre-market gain for Graphite Bio, Inc. is likely due to the announcement of a special dividend, which typically attracts investor interest.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Kingsoft Cloud Holdings Limited shares gained 13.7% in pre-market trading, ahead of its fourth-quarter financial results announcement.
The anticipation of Kingsoft Cloud Holdings Limited's fourth-quarter financial results has positively impacted its stock price in pre-market trading.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70