Stocks making the biggest moves premarket: Macy’s, Tesla, Novo Nordisk and more

by | Jul 5, 2024 | Financial

Check out the companies making headlines before the bell. Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Gox exchange beginning repayments to creditors, as expected . Coinbase and MicroStrategy each lost 5% in premarket trading. Among miners, Iris Energy tumbled 8%, while CleanSpark fell 5%. Marathon Digital and Riot Platforms were down 6% and 4%, respectively. Instructure — The educational technology stock popped more than 3% following reported interest from Francisco Partners and KKR around a potential acquisition. The two private equity firms are in the final round of bidding and due to submit binding offers next week, sources familiar with the matter told Reuters . Macy’s — Shares of the retailer jumped more than 6% following a Wall Street Journal report that an investor group has hiked its takeout offer. Arkhouse Management and Brigade Capital Management are now offering about $24.80 per share for Macy’s, up from $24 previously, the report said. Tesla — The electric vehicle manufacturer popped 2%, marking a continuing comeback after its second-quarter vehicle deliveries number beat analyst estimates earlier this week. The shares were up 24% for the week heading into Friday. Novo Nordisk — U.S. traded shares of the pharmaceutical giant rose 1.9% premarket even after a study from Harvard linked semaglutide, present in Novo Nordisk’s O …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Gox exchange beginning repayments to creditors, as expected . Coinbase and MicroStrategy each lost 5% in premarket trading. Among miners, Iris Energy tumbled 8%, while CleanSpark fell 5%. Marathon Digital and Riot Platforms were down 6% and 4%, respectively. Instructure — The educational technology stock popped more than 3% following reported interest from Francisco Partners and KKR around a potential acquisition. The two private equity firms are in the final round of bidding and due to submit binding offers next week, sources familiar with the matter told Reuters . Macy’s — Shares of the retailer jumped more than 6% following a Wall Street Journal report that an investor group has hiked its takeout offer. Arkhouse Management and Brigade Capital Management are now offering about $24.80 per share for Macy’s, up from $24 previously, the report said. Tesla — The electric vehicle manufacturer popped 2%, marking a continuing comeback after its second-quarter vehicle deliveries number beat analyst estimates earlier this week. The shares were up 24% for the week heading into Friday. Novo Nordisk — U.S. traded shares of the pharmaceutical giant rose 1.9% premarket even after a study from Harvard linked semaglutide, present in Novo Nordisk’s O …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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