Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Midday movers: Coinbase, Tesla, AMC Entertainment and more

Published 10/02/2023, 08:33 AM
Updated 10/02/2023, 01:08 PM
© Reuters

Investing.com -- Stocks were mixed, with the Dow Jones Industrial Average falling more than 250 points even after Congress struck a last-minute deal to avert a government shutdown. Jobs data are the focus this week.

Here are the stocks making moves on Monday.

  • Coinbase's (NASDAQ:COIN) shares rose 1% after the cryptocurrency exchange announced that its Singapore arm had obtained a license to offer digital payment token services to individuals and institutions in the city-state.
  • Tesla Inc (NASDAQ:TSLA) shares rose 0.1% after the electric vehicle maker reported third quarter deliveries that were below expectations. Upgrades to its factories slowed some of the output, which analysts said could be pushed into the fourth quarter.
  • AMC Entertainment (NYSE:AMC) shares edged lower 0.3% after the cinema chain announced that one of its units is set to distribute a movie based on U.S. pop star Beyonce's "Renaissance World Tour" later this year.
  • Shares in crypto-related companies such as Riot Platforms (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA) rose 8.3% and 3.5%, respectively, after a surge in Bitcoin's price to near two-month highs.
  • SmileDirectClub (NASDAQ:SDC) shares plummeted 61% after the dental aligner manufacturer filed for Chapter 11 bankruptcy.
  • Sphere Entertainment (NYSE:SPHR) stock climbed 14% following the opening weekend of its Sphere entertainment venue in Las Vegas, which featured a series of concerts from the rock band U2.
  • SolarEdge Technologies (NASDAQ:SEDG) stock slipped 5.2% after analysts at Barclays lowered their rating of the solar inverter maker to equal weight from overweight.

  • Nvidia (NASDAQ:NVDA) shares rose 2.7% after Goldman Sachs placed the chipmaker and artificial intelligence-darling on its Americas conviction list.

  • Rivian (NASDAQ:RIVN) shares fell 0.2% after the electric vehicle startup maintained its annual forecast for 52,000 deliveries, missing Bloomberg consensus estimates of 53,654.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.