Why Coinbase Global Shares Are Trading Higher By Over 9%; Here Are 20 Stocks Moving Premarket

Shares of Coinbase Global, Inc. COIN rose sharply in today's pre-market trading.

Coinbase is set to join the S&P 500, replacing Discover Financial Services DFS in the benchmark index, according to a Monday announcement. The inclusion of Coinbase in the S&P 500 will become effective before trading begins on May 19, according to a press release shared by S&P Dow Jones Indices.

Coinbase shares jumped 9.2% to $226.29 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

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Gainers

Lichen International Limited LICN rose 133.6% to $8.13 in pre-market trading after gaining 5% on Monday.
Inno Holdings Inc. INHD surged 75.8% to $4.15 in pre-market trading. INNO HOLDINGS shares dipped 56% on Monday after the company announced a strategic cooperation with New Life Technology Development on developing a B2B marketplace platform.
Landsea Homes Corporation LSEA gained 58.5% to $11.12 in pre-market trading after New Home Co. agreed to acquire the company for $11.30 per share in an all-cash transaction. Landsea Homes also reported a narrower-than-expected quarterly loss.
Crown LNG Holdings Limited CGBS jumped 42.1% to $0.1706 in pre-market trading after gaining 5% on Monday.
Xilio Therapeutics, Inc. XLO gained 32.8% to $0.9701 in pre-market trading. The company recently posted downbeat quarterly results.
WANG & LEE GROUP, Inc. WLGS surged 24.5% to $0.3102 in pre-market trading after gaining more than 43% on Monday.
Profound Medical Corp. PROF climbed 23.5% to $5.30 in pre-market trading. The company recently posted downbeat first-quarter results.
GigaCloud Technology Inc. GCT gained 11.6% to $17.74 in pre-market after the company reported better-than-expected first-quarter financial results.
Arrowhead Pharmaceuticals, Inc. ARWR gained 10% to $15.36 in pre-market trading after the company reported better-than-expected quarterly financial results.

Losers

Polyrizon Ltd. PLRZ shares fell 92% to $0.0281 in pre-market trading. Polyrizon recently announced its planned reverse split will not be effected.
DevvStream Corp. DEVS fell 48.8% to $0.67 in pre-market trading after jumping 290% on Monday.
Sangamo Therapeutics, Inc. SGMO fell 32.3% to $0.5055 in today's pre-market trading following weaker-than-expected first-quarter results.
Kearny Financial Corp. KRNY shares dipped 23.5% to $5.00 in pre-market trading after gaining 3% on Monday.
3D Systems Corporation DDD shares fell 20.7% to $2.02 in pre-market trading after the company posted weaker-than-expected quarterly results.
Kindly MD, Inc. KDLY dipped 18.2% to $11.15 in pre-market trading. KindlyMD shares jumped 251% on Monday after the company announced a merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.
Accelerate Diagnostics, Inc. AXDX fell 18% to $0.11 in pre-market trading after dipping 9% on Monday. Accelerate Diagnostics recently announced it filed for Chapter 11 bankruptcy protection.
Klotho Neurosciences, Inc. KLTO shares tumbled 17% to $0.1448 in pre-market trading after gaining 5% on Monday.
Heritage Commerce Corp HTBK declined 15.4% to $8.00 in pre-market trading.
Rigetti Computing Inc RGTI fell 12.1% to $10.15 in pre-market trading after the company reported mixed first-quarter financial results.