Market Movers: Coinbase Soars, Arm Eyes Acquisitions, Nu Holdings CEO Sells Shares

1. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 11.32%. JMP Securities reiterated its "Market Outperform" rating on Coinbase Global with a target price of $320. Barclays maintains an "Equal-Weight" rating, raising the target to $175. Coinbase disclosed multiple insider transactions in September, and former executives are launching the TrueX trading platform.

2. Nu Holdings Ltd. (NYSE: NU)
Nu Holdings Ltd. surged by 7.08%. Nu Holdings' CEO David Velez sold 31 million shares for approximately $404 million, reducing his stake by 3%. B of A Securities, JP Morgan, and Susquehanna maintain neutral ratings, with respective price targets of $15 and $16, while Barclays remains overweight with a target of $17.

3. Arm Holdings Plc (Nasdaq: ARM)
Arm Holdings Plc surged by 6.84%. Arm Holdings is reportedly interested in acquiring Intel's product division, but Intel declined. Meanwhile, Arm Holdings is enhancing high-performance CPUs with its Cortex-X925, and JPMorgan rates Arm as "overweight" with a target price of $140. William Blair also gives an "outperform" rating.

4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 5.6%. Vistra's Q2 2024 revenue was $68.99 billion, down 9.39% year-over-year. Guggenheim, BMO Capital, RBC Capital, Jefferies, and Morgan Stanley all reaffirmed their ratings, with updated price targets of $177, $146, $141, $137, and $132 respectively.

5. Marvell Technology (Nasdaq: MRVL)
Marvell Technology gained solidly by 4.96%. Marvell Technology's Q2 report showed $24.34 billion revenue with a $4.09 billion net loss. Citigroup and B of A Securities maintain "Buy" ratings with target prices of $91 and $90. Insider trades disclosed: executives sold shares in September.