Stocks making the biggest moves premarket: eBay, Norwegian Cruise Line, Coinbase & more
Check out the companies making the biggest moves premarket: eBay — Shares of the online marketplace jumped nearly 9% after GameStop made an unsolicited, non-binding offer Sunday to buy eBay for roughly $55.5 billion. GameStop CEO Ryan Cohen said the merger would be a way to create a strong competitor to Amazon . GameStop fell more than 2.5%. Norwegian Cruise Line — The cruise operator dropped 5.5% after reporting first-quarter earnings of 23 cents per share and $2.33 billion in revenue, against consensus estimates for 14 cents and $2.36 billion, according to analysts polled by FactSet. Guidance for the current quarter and full-year was far below expectations, as Norwegian grapples with higher fuel prices due to the U.S.-Iran war. Lumentum , Coherent — The photonics companies both rose 3% after Rothschild & Co Redburn began research coverage on the two with buy ratings. Higher optical content needed for artificial intelligence data center networking is set to boost both of the stocks, analysts at the firm wrote. Axsome Therapeutics — Shares fell more than 3.5% after Axsome reported a wider-than-expected, first-quarter loss. The biopharmaceutical company lost $1.26 per share compared to analysts’ estimate of an 81-cent-per share loss, according to analysts polled by FactSet. Revenue matched estimates at $191 million. Oil stocks — Energy companies rose as oil prices surged in volatile trading as state media in Iran and the Trump administration made conflicting claims regarding a U.S. warship potentially struck by Iranian missiles near the Strait of Hormuz. APA Corporation added nearly 1.5%, while Occidental Petroleum and Diamondback Energy advanced about 1%. Crypto stocks – Crypto platforms rose after Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) reached a bipartisan agreement over the weekend on key language in a crypto market structure bill called the CLARITY Act. Coinbase rose 2.5%, while Circle and BitGo climbed more than 4% each. Gemini Space Station , which stands to lose the most as both a stablecoin issuer and a retail platform, was lower premarket. Bitcoin topped $80,000 over the weekend for the first time since January, and was last trading little changed at about $79,000. Tyson Foods — The Jimmy Dean pork and Hillshire Farm chicken maker rose more than 2.5% after posting better-than-expected fiscal second-quarter financial results. Tyson earned an adjusted 87 cents per share on $13.65 billion in revenue, compared to estimates of 78 cents and $13.63 billion, according to analysts polled by FactSet. Advanced Micro Devices — The chipmaker slipped nearly 1% after a downgrade from HSBC on Friday. The bank moved its rating to hold from buy on concern for tight semiconductor capacity in 2026. — CNBC’s Tanaya Macheel contributed reporting
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