Stock Market: Trending Stocks and Early Morning Movers – Lennar, Etsy, Toast, Coinbase

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Stock Market

The stock market is constantly changing, with some stocks rising and others falling. As an investor, it’s important to stay on top of these changes and make informed decisions. Here are the stocks making the biggest moves before the bell that you should keep an eye on.

Lennar

Lennar stock
by Andrew Neel (https://unsplash.com/@andrewtneel)

Lennar, one of the largest homebuilders in the US, saw its stock rise by 2.5% in premarket trading. This increase comes after the company reported better-than-expected earnings for the second quarter. Lennar’s revenue also beat estimates, driven by strong demand for new homes.

Etsy

Etsy, the popular online marketplace for handmade and vintage items, saw its stock jump by 6% in premarket trading. This increase comes after the company announced that it will be acquiring Depop, a UK-based fashion resale app, for $1.6 billion. This move is expected to expand Etsy’s reach in the fast-growing resale market.

Toast

Toast, a restaurant management platform, saw its stock rise by 2.5% in premarket trading. This increase comes after the company announced its plans to go public through a merger with a special purpose acquisition company (SPAC). The deal values Toast at $20 billion and is expected to close in the third quarter of 2021.

Coinbase

Coinbase stock
by Jamie Street (https://unsplash.com/@jamie452)

Coinbase, the largest cryptocurrency exchange in the US, saw its stock fall by 2% in premarket trading. This decrease comes after the company announced that the SEC has threatened to sue if it launches its proposed interest-earning product. The SEC believes that the product, which allows users to earn interest on their cryptocurrency holdings, should be registered as a security.

Moderna

Moderna, a biotech company that developed one of the first COVID-19 vaccines, saw its stock rise by 1.5% in premarket trading. This increase comes after the company announced that it has received authorization from the FDA to fill its COVID-19 vaccine vials with up to 15 doses, instead of the previous 10 doses. This will help increase the supply of the vaccine and meet the high demand.

Trending Stocks

In addition to the stocks making the biggest moves before the bell, there are also some trending stocks that investors should keep an eye on. These include:

  • GameStop, which saw its stock rise by 2% in premarket trading after announcing its plans to sell up to 5 million shares to fund its transformation into an e-commerce company.
  • AMC Entertainment, which saw its stock fall by 2% in premarket trading after announcing its plans to sell up to 11.55 million shares to raise capital.
  • Tesla, which saw its stock rise by 1% in premarket trading after announcing its plans to open its first retail store in India.

As an investor, it’s important to stay informed about the latest news and developments in the stock market. By keeping an eye on these stocks making the biggest moves before the bell, as well as trending stocks, you can make more informed decisions about your investments.

Discover the potential investment opportunities and insights that can help you make informed decisions. Let’s explore the dynamic nature of the stock market and uncover the strategies behind these market movers. Join us as we delve into the exciting world of stocks and uncover the secrets of successful investing.