Market Movers: Trip.com Soars, JD Strikes Historic Deal, and More

1. Trip Group Limited (Nasdaq: TCOM)
Trip Group Limited surged by 8.19%. Trip.com has enhanced services amid a "China Travel" surge. Boosted by visa-free policies, Danish searches for China increased by 47%. Additionally, Prosus sold its entire holdings in Trip.com, raising approximately $1.6 billion. Morgan Stanley raised Trip.com’s price target to $61.

2. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 6.28%. Coinbase Global Inc. disclosed multiple insider transactions throughout September 2024, with significant sales by executives and major shareholders. Additionally, two former executives are launching the TrueX cryptocurrency trading platform, using PayPal's stablecoin PYUSD as a core currency.

3. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 6.17%. Microstrategy plans to issue $8.75 billion in convertible senior notes due 2028, with an option for buyers to purchase an additional $1.35 billion. Barclays initiates coverage with an Overweight rating and a $146 price target. Multiple firms maintain Buy ratings with varied targets.

4. Las Vegas Sandsrp. (NYSE: LVS)
Las Vegas Sandsrp. gained solidly by 5.62%. Las Vegas Sands reported 2024 H1 revenue of $57.2 billion, up 22.69% year-over-year, with net profit of $10.07 billion. Morgan Stanley, Barclays, and Macquarie maintain overweight ratings; UBS and Argus Research downgrade to neutral and hold, respectively.

5. Jd (Nasdaq: JD)
Jd gained solidly by 5.09%. JD.com and Alibaba have announced a historic cooperation, planning a major initiative for "Double 11." JD.com is partnering with Hailan Group to expand into the outlet market, focusing on lower-tier cities, with the first offline store opening in Jiangyin City.