Coinbase Jumps, On Rises, Rigetti Falls After Sales Miss
On this episode of Stock Movers:
- Coinbase shares jump, hitting its highest level since February, after S&P Dow Jones Indices said the company will join the S&P 500 Index before trading opens May 19.
- On Holding’s shares jumped after the Swiss brand reported strong demand for its high-priced sneakers and lifted its sales growth forecast. First-quarter sales rose 40% from a year ago to 727 million Swiss francs, beating analyst expectations, with strong growth in the Americas, Asia-Pacific, and Europe, the Middle East and Africa.
- Rigetti shares tumble after the quantum computing firm’s 1Q revenue missed expectations and gross margins declined from the year earlier period.
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