March 11, 2024 5:50 AM | 2 min read
As U.S. stock futures dipped by around 100 points on Monday, a few big names surged in pre-market trading.
Shares of GDS Holdings Limited (GDS) witnessed a significant rise driven by investment talks in its data center business outside China.
GDS Holdings shares soared 17.7% to $7.54 before the market opened, setting the tone for a promising day.
Other notable movers in pre-market trading today include:
- Graphite Bio, Inc. (GRPH) climbed 19.4% to $3.75, boosted by a special dividend declaration linked to its merger with Lenz Therapeutics.
- Kingsoft Cloud Holdings Limited (KC) saw a 13.7% increase to $3.06 ahead of its upcoming fourth-quarter financial results announcement.
- Revance Therapeutics, Inc. (RVNC) rose by 9.5% to $6.58 following a successful $100 million public stock offering.
- NuScale Power Corporation (SMR) gained 9.1% to $5.99 in anticipation of its fourth-quarter results release on March 14.
- Hesai Group (HSAI) enjoyed a 9% surge to $6.28 as it readies for the unveiling of its fourth quarter unaudited financial results.
- MicroStrategy Incorporated (MSTR) climbed 7.6% to $1,533.99 driven by ongoing Bitcoin strength.
- Marathon Digital Holdings, Inc. (MARA) experienced a 6.7% increase to $25.06, riding the coattails of Bitcoin’s momentum.
- Coinbase Global, Inc. (COIN) surged 6.4% to $273.15 bolstered by Bitcoin’s strength and recent positive sentiment following an upgrade by Goldman Sachs with a $282 price target.
Stay tuned as the bustling market continues to unfold its surprises.
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Don’t forget to check out our premarket coverage for more insights.
