Take a look at the businesses making headlines earlier than the bell:
Coinbase (COIN) — Shares of the cryptocurrency change sank greater than 14% amid the sharp pullback within the costs of bitcoin and different digital belongings over the weekend.
DocuSign (DOCU) — The software program inventory prolonged its losses from Friday in premarket buying and selling, falling greater than 5%. DocuSign fell greater than 24% on Friday after the corporate missed earnings and slashed its guidance. Wolfe Analysis downgraded the inventory to “underperform” from “peer carry out” over the weekend.
Amazon (AMZN) — Large Tech shares have been down sharply in premarket buying and selling as traders braced for a broad sell-off. Amazon was one of many worst performers among the many megacap names, falling almost 4%.
Microstrategy (MSTR) — The software program inventory dropped greater than 20% in premarket buying and selling as the worth of bitcoin retreated beneath $24,000. Microstrategy has guess large on bitcoin and held greater than 129,000 cash as of the tip of March.
Silvergate Capital (SI) — The crypto-focused financial institution noticed its inventory fall greater than 13% in response to the decline in bitcoin and different digital belongings. Silvergate’s slide got here regardless of a positive initiation from Wells Fargo.
Tesla (TSLA) — Shares of the electrical automaker retreated 4% because the broad sell-off in threat belongings outweighed an upgrade from RBC Capital Markets.
Pfizer (PFE) — The pharmaceutical inventory was down about 1%, holding up higher than the broader market, after the Meals and Drug Administration launched its briefing doc for a gathering later this week this week about Pfizer’s Covid vaccine for younger youngsters. The company stated in its briefing doc that no new security considerations appeared within the information submitted from medical trials.
