Stocks making the biggest moves premarket: Tesla, Coinbase, Cisco Systems and more

by | Nov 11, 2024 | Financial

Check out the companies making headlines before the bell. Tesla — The electric vehicle stock popped 7% and looked poised to build on last week’s 29% surge. The Elon Musk-run company has rallied on the heels of Donald Trump’s presidential victory, topping $1 trillion in market value on Friday as investors bet the company will benefit under the new administration. Crypto stocks — Stocks tied to cryptocurrencies rallied, with bitcoin topping $82,000 and hit fresh highs, as Wall Street continued to bet a Trump administration would be more favorable toward the crypto industry. Coinbase popped 15%, while MicroStrategy gained 11%. Robinhood rose about 7%. Cigna — The health insurance giant popped 8% after saying it will not be pursing a merger with Humana. Cigna also reiterated its fiscal 2024 and 2025 guidance. Humana shares shed 8%. RadNet — Shares of the radiology company popped 15% on stronger-than-expected earnings and revenue for the third quarter. RadNet also announced a “strategic collaboration” with GE HealthCare. Cisco — Shares moved 1.6% higher following an upgrade at JPMorgan to overweight from neutral. The bank expects Cisco will likely return to positive earnings revision thanks …

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