In the list of companies making stock price movements, the first company is Coinbase, one of the largest cryptocurrency exchanges in the entire world. According to data, Coinbase’s share prices have experienced a 4.3% rise in premarket trading. The rise in Coinbase’s share prices has been observed following a reiteration of the buy rating made by the analysts at Goldman Sachs for the company. The analysts at Goldman Sachs have predicted that Coinbase’s earnings report for the running quarter would prove to be a really successful one. Ever since Coinbase’s public launch back in April, the entire cryptocurrency sector had faced a demise. It had caused a huge price drop in Coinbase’s share prices, but now the exchange is set to experience a rise in share prices.
The analysts at Goldman Sachs have predicted that the company is going to record a surge in its sales, profits, and revenues for the third quarter of 2021. The surge in the company’s share prices is also due to the rise in prices for major cryptocurrencies such as Bitcoin and Ethereum.
Manchester United is among the companies that have faced yet another major setback in the share prices. The reports confirm that the football club’s share prices have experienced a 13.7% drop. This is because of the share sales that were reportedly initiated by the Glazer family. The Glazer family is known for controlling the English premiere club and has announced that the club will be getting no proceeds from the offerings. According to the announcement, the Glazer family has 9.5 million shares under their control that they now want to offer.
Then you have HSBC Holdings that has experienced a rise after experiencing a slight drop in share prices. The reports reveal that the share prices for HSBC Holdings have experienced a 3.1% rise following the stock price change made by the analysts from UBS. The UBS analysts have stated that they have very high hopes in regards to the growth of the company in the upcoming quarters. With the world coming back to its normal activities, it is a matter of time, the financial giants start experiencing significant growth in their services, profits, and revenue. The HSBC has revealed that it is expecting that a very bright and profitable year is ahead of them. Based on the performance of the bank, the stock prices for the bank would experience even more increase in share prices
Then come the technology companies that have experienced concerning drops in the share prices. The data shows that the prices for CDW and Seagate Technology have experienced a 4.7% and 5.3% drop. The major cause behind companies’ share price drop is the stock status change carried out by analytical firm analysts. The stock stats of both companies has been changed from “overweight” to “equal weight”.