Premarket movers: Macy's, Super Micro Computer rise
Investing.com -- Here are some of the biggest U.S. stock movers prior to the start of New York trading on Monday. Please check back later for updates:
Macy’s (NYSE:M) shares jumped after an investor group consisting of Arkhouse Management and Brigade Capital hiked its offer to take the department store chain private.
Crypto-linked stocks, which have been beneficiaries of a recent rally in Bitcoin, drove higher. Top U.S. crypto exchange Coinbase (NASDAQ:COIN) Global, as well as crypto miners Marathon Digital (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT) and CleanSpark (NASDAQ:CLSK), all gained prior to the opening bell in New York.
Shares in DoorDash (NASDAQ:DASH) ticked higher after analysts at RBC Capital Markets raised their rating of the delivery service.
Shares in Lyft (NASDAQ:LYFT), which the RBC analysts also upgraded to «Outperform» and speculated could be a candidate to merge with DoorDash, surged.
Super Micro Computer (NASDAQ:SMCI) shares spiked after S&P Dow Jones Indices announced that the seller of artificial intelligence-optimized servers is slated to join the S&P 500 later this month. Athletic apparel firm Deckers Outdoor (NYSE:DECK) will also be added to the benchmark index. Home appliance group Whirlpool (NYSE:WHR) and Utah-based lender Zions Bancorporation (NASDAQ:ZION), who the two companies are replacing on the S&P 500, moved lower.
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