Why Coinbase Global Shares Are Trading Higher By Over 9%; Here Are 20 Stocks Moving Premarket

Shares of Coinbase Global, Inc. (NASDAQ:COIN) rose sharply in today's pre-market trading.

Coinbase is set to join the S&P 500, replacing Discover Financial Services (NYSE:DFS) in the benchmark index, according to a Monday announcement. The inclusion of Coinbase in the S&P 500 will become effective before trading begins on May 19, according to a press release shared by S&P Dow Jones Indices.

Coinbase shares jumped 9.2% to $226.29 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

• Lichen International Limited (NASDAQ:LICN) rose 133.6% to $8.13 in pre-market trading after gaining 5% on Monday.
• Inno Holdings Inc. (NASDAQ:INHD) surged 75.8% to $4.15 in pre-market trading. INNO HOLDINGS shares dipped 56% on Monday after the company announced a strategic cooperation with New Life Technology Development on developing a B2B marketplace platform.
• Landsea Homes Corporation (NASDAQ:LSEA) gained 58.5% to $11.12 in pre-market trading after New Home Co. agreed to acquire the company for $11.30 per share in an all-cash transaction. Landsea Homes also reported a narrower-than-expected quarterly loss.
• Crown LNG Holdings Limited (NASDAQ:CGBS) jumped 42.1% to $0.1706 in pre-market trading after gaining 5% on Monday.
• Xilio Therapeutics, Inc. (NASDAQ:XLO) gained 32.8% to $0.9701 in pre-market trading. The company recently posted downbeat quarterly results.
• WANG & LEE GROUP, Inc. (NASDAQ:WLGS) surged 24.5% to $0.3102 in pre-market trading after gaining more than 43% on Monday.
• Profound Medical Corp. (NASDAQ:PROF) climbed 23.5% to $5.30 in pre-market trading. The company recently posted downbeat first-quarter results.
• GigaCloud Technology Inc. (NASDAQ:GCT) gained 11.6% to $17.74 in pre-market after the company reported better-than-expected first-quarter financial results.
• Arrowhead Pharmaceuticals, Inc. (NASDAQ:ARWR) gained 10% to $15.36 in pre-market trading after the company reported better-than-expected quarterly financial results.

Losers

• Polyrizon Ltd. (NASDAQ:PLRZ) shares fell 92% to $0.0281 in pre-market trading. Polyrizon recently announced its planned reverse split will not be effected.
• DevvStream Corp. (NASDAQ:DEVS) fell 48.8% to $0.67 in pre-market trading after jumping 290% on Monday.
• Sangamo Therapeutics, Inc. (NASDAQ:SGMO) fell 32.3% to $0.5055 in today's pre-market trading following weaker-than-expected first-quarter results.
• Kearny Financial Corp. (NASDAQ:KRNY) shares dipped 23.5% to $5.00 in pre-market trading after gaining 3% on Monday.
• 3D Systems Corporation (NYSE:DDD) shares fell 20.7% to $2.02 in pre-market trading after the company posted weaker-than-expected quarterly results.
• Kindly MD, Inc. (NASDAQ:KDLY) dipped 18.2% to $11.15 in pre-market trading. KindlyMD shares jumped 251% on Monday after the company announced a merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.
• Accelerate Diagnostics, Inc. (NASDAQ:AXDX) fell 18% to $0.11 in pre-market trading after dipping 9% on Monday. Accelerate Diagnostics recently announced it filed for Chapter 11 bankruptcy protection.
• Klotho Neurosciences, Inc. (NASDAQ:KLTO) shares tumbled 17% to $0.1448 in pre-market trading after gaining 5% on Monday.
• Heritage Commerce Corp (NASDA: HTBK) declined 15.4% to $8.00 in pre-market trading.
• Rigetti Computing Inc (NASDAQ:RGTI) fell 12.1% to $10.15 in pre-market trading after the company reported mixed first-quarter financial results.

Now Read This:

• Under Armour, CyberArk Software And 3 Stocks To Watch Heading Into Tuesday

Photo via Shutterstock