Biggest stock movers today: Crypto stocks, FSLY, and more

seekingalpha04-08

Stock futures inched lower while Treasury yields rose in the early trading hours of Monday ahead of upcoming data releases and big bank earnings due later this week. Here are some of Monday's biggest ...

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Here are some of Monday's biggest stock movers: Biggest stock gainers  EHang Holdings Limited's (EH) shares rose 6% after obtaining the Production Certificate (PC) from the Civil Aviation Administration of China for its EH216-S eVTOL aircraft, marking the first PC granted in the global eVTOL industry. This achievement marks a significant step towards mass manufacturing and commercial operations for the eVTOL aircraft. Mr. Huazhi Hu, Founder, Chairman, and CEO of EHang, stated, “The issuance of the PC is pivotal for the EH216-S as it opens the door to mass production and is a crucial step for our advancement towards commercial operations.\"  Shares of Fastly (FSLY) rose over 4% after the stock was upgraded at Piper Sandler to Overweight from Neutral, citing growing market share in the CDN business. However, analyst James Fish lowered the price target on the stock to $16 from the prior $19, implying a 28% increase from Friday's close of $12.53. Fish believes that the firm will benefit from increased market share and better pricing as competitors withdraw. He said that the recent drop in prices has resulted in a positive risk-reward scenario based on current valuations and stock fundamentals. Shares of cryptocurrency-linked companies rose higher as Bitcoin again surpassed the $72,000 level. Notably, Coinbase Global (COIN) rose 5%, Riot Blockchain (RIOT) climbed 5.9%, Marathon Digital Holdings (MARA) was up 7.6%, Hut 8 Mining (HUT) gained 5.8%, Cleanspark (CLSK) jumped by 7.4%, MicroStrategy Incorporated (MSTR) jumped 12.2%, Cipher Mining (CIFR) surged 8%, Stronghold Digital Mining (SDIG) rose 2.3%, Bitdeer Technologies Holding Company (BTDR) climbed 3.4%, and Bakkt Holdings (BKKT) climbed by 6%.   More on related stocks:  Tesla: Robotaxi Holy Grail Is Still Far Off Tesla's Sudden Third Robotaxi Announcement, After 2019 And 2016 Tesla: Don't Panic And Consider Buying The Dip Tesla plans to unveil its Robotaxi service on August 8 Tesla swings wildly amid drama around its long-awaited mass-market model","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425965287"}