On Thursday, Cathie Wood-led Ark Invest made notable trades, including the sale of shares in Coinbase Global Inc. (NASDAQ:COIN) and Block Inc. (NYSE:XYZ).
Stay updated with the movements of the S&P500 index one hour before the close of the markets on Thursday. Discover which stocks are leading as top gainers and losers in today's session.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 6.2% in the afternoon session on continued positive momentum from the previous session, largely due to the follow-through enthusiasm surrounding the potential passage of the GENIUS Act.
Bernstein analysts raise price target for Coinbase to $510, citing strong growth in derivatives & non-trading revenues. Valuation aligns with fintech peers. Dominant role in US market.
Many positive catalysts have pushed Coinbase stock higher, which hit a new 52-week high of $369 a share on Wednesday. The leading crypto exchange operator has seen its stock soar by more than +40% this year.
Asset management giant Invesco filed for a cryptocurrency exchange-traded fund focused on Solana (CRYPTO: SOL) on Wednesday, expanding its offerings beyond Bitcoin (CRYPTO: BTC).
Looking for the most active stocks in the S&P500 index on Wednesday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 5.9% in the pre-market session after Bernstein analyst Gautam Chhugani reaffirmed a Buy rating and raised the price target from $310 to $510.
U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&P 500 rose by 1.1% to 6,092.18. These are the top stocks that gained the attention of retail traders and investors throughout the day:
