Lucid, Nvidia, Coinbase Fall in Premarket; Kohl’s, Apple Rise By Investing.com

December 11, 2021 Editor Coinbase 0

© Reuters.

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, December 6th. Please refresh for updates.

  • Coinbase (NASDAQ:) stock fell 4.4% with the cryptocurrency exchange platform weighed by the sharp selloff in bitcoin. Square (NYSE:) stock dropped 2.4% and MicroStrategy (NASDAQ:) stock fell 7.3% with the two companies holding large positions in the digital currency.

  • Lucid (NASDAQ:) stock fell 13% after the electric vehicle maker confirmed it has received a subpoena from the Securities and Exchange Commission related to its SPAC merger deal with Churchill Capital.

  • Kohls (NYSE:) stock rose 4.2% after the WSJ reported that hedge fund Engine Capital, which owns around 1% of the department store chain, is urging it to consider a sale or a separation of its faster-growing e-commerce business to improve its lagging stock price. 
  • Tesla (NASDAQ:) stock fell 2.1% following a report that the SEC has opened an investigation over whistleblower claims on solar panel defects.

  • CF Acquisition Corp VI (NASDAQ:) stock soared over 23% following reports that the special purpose acquisition company will merge with Rumble, a social media platform that counts President Donald Trump as a member. The news added fresh impetus to Digital World Acquisition Corp (NASDAQ:) which is set to merge with Trump’s social media company. DWAC rose 8.4%.

  • Alibaba (NYSE:) ADRs rose 0.6% after the Chinese retail giant said it will reorganize its international and domestic e-commerce businesses, reacting to a challenge from newer, nimbler players. The shares hit their lowest in four and a half years on Friday.

  • Apple (NASDAQ:) stock rose 1.1% after KeyBanc initiated coverage of the iPhone maker at ‘overweight’, trusting to its growing services segment to keep generating profits in the next few years.

  • Nvidia (NASDAQ:) stock fell 4.1% after the U.S. Federal Trade Commission sued to block its more than $80 billion deal to buy U.K. chip technology provider ARM from Softbank. SoftBank (OTC:) ADRs fell 7.4% to an 18-month low.

  • GCP Applied Technologies (NYSE:) stock rose 14% after the maker of specialty construction chemicals agreed to be bought by French construction company Saint Gobain (OTC:) for around $32 billion.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.