Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Coinbase Jumps in Premarket; Zscaler, Meta Fall

Published 11/10/2022, 13:50
© Reuters.
INTC
-
GOOGL
-
KLAC
-
AMD
-
TSLA
-
META
-
GOOG
-
ZS
-
COIN
-
RIVN
-

By Geoffrey Smith 

Investing.com -- Stocks in focus in premarket trading on Tuesday, 11th October. Please refresh for updates.

  • Zscaler (NASDAQ:ZS) stock was down 3.0% after the cybersecurity firm said its president Amit Sinha has resigned to move to another tech company as chief executive. He'll remain on Zscaler's board of directors. however.
  • KLA-Tencor (NASDAQ:KLAC) stock fell 2.4% after the chipmaking equipment and services company was reported by Reuters to be halting some activities in China to comply with U.S. export controls.
  • Intel (NASDAQ:INTC) stock fell 0.2%, while AMD (NASDAQ:AMD) stock fell 0.6% after data showing global PC shipments slumped nearly 20% year-on-year in the third quarter, as the pandemic binge on electronics faded.
  • Coinbase (NASDAQ:COIN) stock rose 5.2% after Google Cloud (NASDAQ:GOOGL) said it had tapped the exchange to process payments with cryptocurrencies from its users. It will also use Coinbase's custody services.
  • Tesla (NASDAQ:TSLA) stock fell 0.4% despite a report on a fansite calculating that sales were up 63% year-on-year in the third quarter, ahead of its annual target.
  • Rivian Automotive (NASDAQ:RIVN) stock was down 0.4%, steadying after Monday's 7% decline on the back of a mass recall.
  • Meta Platforms (NASDAQ:META) stock fell 1.0%  after analysts at Atlantic Equities downgraded the Facebook and Instagram owner to Neutral from Overweight with a new price target of $160 per share, saying that its growth model is "increasingly challenged" by macro headwinds and rising competition for advertising dollars.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.