Top movers | When will Bitcoin ETF be approved? PTON benefits from LULU's surge!
1. $Lululemon Athletica(LULU)$ soars 10% on S&P 500 inclusion; $Peloton Interactive, Inc.(PTON)$ rides high on its partnership with Lululemon
Lululemon rose by more than 10% to an almost two-year high due to the announcement that Lululemon would be included in S&P 500 index, replacing Activision Blizzard.
$Peloton Interactive, Inc.(PTON)$ also benefitted from this news and added over 6% yesterday as Lululemon partnered with Peloton Interactive, becoming its main athletic-apparel provider. Peloton will exclusively supply digital fitness content to Lululemon Studio starting in early 2024.
2. $Snap Inc(SNAP)$ surges 11%: bullish user growth and revenue projections beat Wall Street’s estimates
Snap's stock surged 11% after reports indicated the company expects over 475 million daily active users in 2024, surpassing Wall Street's estimates.
The company also aims for advertising revenue to grow over 20% in 2024, exceeding Wall Street's 14% estimates.
3. $Marathon Digital Holdings Inc(MARA)$, $Coinbase Global, Inc.(COIN)$ surged during trading hours but closed with limited gains with false report of Bitcoin ETF
Coin Telegraph reported that the SEC had approved $BlackRock(BLK)$ application for a spot Bitcoin ETF, causing a surge in Bitcoin's price.
BlackRock denied the report on social media, stating that its iShares Bitcoin ETP application was still under review by the SEC.
A court ruling on October 13 suggested that the SEC was wrong to reject an application from Grayscale Investments to create a spot Bitcoin ETF.
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Bitcoin etf anyone?