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Coinbase shares rebound modestly Wednesday.
Dreamstime
Stock futures were mostly lower Wednesday after data from China showed a continuing slowing of the world’s second-largest economy.
These stocks were poised to make moves Wednesday:
Coinbase Global
(COIN) was rising 2.1% after falling more than 12% in the previous session following a lawsuit from the Securities and Exchange Commission that alleged years of violations of securities rules at the cryptocurrency broker. Cathie Wood’s ARK Invest purchased about 400,000 shares of Coinbase on Tuesday.
Yext
(YEXT) was surging almost 17% after the marketing software company raised its fiscal-year revenue and profit guidance.
Stitch Fix
(SFIX) gained 9.5% in premarket trading. The personal styling company reported a fiscal third-quarter loss narrower than analysts’ expectations and announced more cost-cutting initiatives.
Netfli
x (NFLX) was rising 2.3% to $408.27 after the stock’s price target was raised to $470 from $380 by analysts at J.P. Morgan, and raised to $500 from $400 at
Wells Fargo
.
Dave & Buster’s Entertainment
(PLAY), the entertainment and dining company, was up 4.5% in premarket trading after fiscal first-quarter earnings topped Wall Street expectations.
Casey’s General Stores
(CASY) reported fiscal fourth-quarter earnings and revenue below estimates.
Couchbase
(BASE), the database company, issued a second-quarter revenue forecast that missed analysts’ expectations.
Campbell Soup
(CPB) and
GameStop
(GME) are scheduled to report quarterly earnings on Wednesday.
Source: https://www.barrons.com/articles/stock-market-movers-9926d79a?siteid=yhoof2&yptr=yahoo