Today's Morning Movers and Top Ratings: COIN, AXP, UNP, SEDG and More

Movers and Shakers wrote a column · Oct 20, 2023 07:11

Morning Movers

Gapping up

The stock rose 0.4% after the credit card giant reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn.

$Knight-Swift Transportation(KNX.US)$

The stock rose over 14% after the trucking giant beat estimates in the third quarter on both the top and bottom lines.

$Coinbase(COIN.US)$

The stock rose 3.6% after the cryptocurrency exchange platform's chief legal officer, Paul Grewal, expressed confidence that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission.

$VinFast Auto(VFS.US)$

The stock rose 1.1% after the Vietnamese electric vehicle maker said it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkville Advisors as it seeks to fund expansion in overseas markets.

Gapping down

$SolarEdge Technologies(SEDG.US)$

The stock fell 28% after the renewable energy company cut its fourth-quarter revenue guidance, saying installation rates slowed recently in Europe.

$Regions Financial(RF.US)$ stock fell 5.5% after the regional lender said it expects its fourth-quarter net interest income to decline about 5% compared with the preceding three months, as banks pay more to retain deposits.

Source: CNBC

US Top Rating Updates on 10/20