Why PayPal And Coinbase Are Trading Lower; Here Are 20 Stocks Moving Premarket

Gainers

• Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) shares surged 31.48% to $1.42 in pre-market trading.
• Arqit Quantum Inc. (NASDAQ: ARQQ) shares rose 20.0% to $3 in pre-market trading.
• Catalent, Inc. (NYSE: CTLT) rose 17.64% to $65.94 in pre-market trading after Danaher Corporation (NYSE: DHR) hinted at a deal with the life sciences company.
• SoundHound AI, Inc. (NASDAQ: SOUN) shares rose 17.02% to $3.3 in pre-market trading amid the popularity of AI on social media.
• Edgio, Inc. (NASDAQ: EGIO) rose 16.46% to $1.91 in pre-market trading after the downtrend on Friday.
• BigBear.Ai, Inc. (NYSE: BBAI) shares rose 13.48% to $5.89 in pre-market trading.
• AMC Entertainment Holdings, Inc. (NYSE: AMC) shares rose 8.05% to $6.57 in pre-market trading.
• C3.Ai, Inc. (NYSE: AI) rose 5.44% to $27.29 in pre-market trading on trending AI discussions across social media channels.
• Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares rose 3.45% to $6.29 in pre-market trading after news of State Street Corp. (NYSE: STT) increasing its passive stake in the company to 6.30%.
• TMC The Metals Company Inc. (NASDAQ: TMC) rose 3.33% to $1.24 in pre-market trading.
• Aurora Innovation, Inc. (NASDAQ: AUR) rose 3.03% to $2.04 in pre-market trading.

Losers

• IQIYI, Inc. (NASDAQ: IQ) shares dropped 6.62% to $6.92 in pre-market trading.
• Lufax Holding Ltd. (NYSE: LU) declined 6.05% to $2.8 in pre-market trading.
• Gaotu Techedu Inc. (NYSE: GOTU) declined 5.68% to $3.49 in pre-market trading.
• Opendoor Technologies Inc. (NASDAQ: OPEN) declined 5.41% to $2.45 in pre-market trading.
• Newmont Corporation (NYSE: NEM) shares fell 4.74% to $47.49 in pre-market trading after the company announced its willingness to take over 100% of the issued shares of Newcrest Mining.
• Nordstrom, Inc. (NYSE: JWN) shares declined 3.76% to $25.39 in pre-market trading amid board shake-up rumours.
• New Oriental Education & Technology Group, Inc. (NYSE: EDU) declined 3.63% to $40.44 in pre-market trading.
• Coinbase Global, Inc. (NASDAQ: COIN) declined 3.09% to $72.33 in pre-market trading amid short squeeze prospects. The stock has climbed around 122% year to date.
• Datadog, Inc. (NASDAQ: DDOG) declined 2.91% to $77.15 in pre-market after KeyBanc analyst Michael Turits downgraded the stock to Sector Weight from Overweight.
• Vipshop Holdings Limited (NYSE: VIPS) declined 2.83% to $14.78 in pre-market trading.
• PayPal Holdings, Inc. (NASDAQ: PYPL) declined 2.75% to $83.17 in pre-market trading after Raymong James analyst John Davis downgraded the stock from Outperform to Market Perform.