icon
icon
icon
icon
Upgrade
icon

Market Rally: Coinbase Skyrockets 11.39%, Block and Capital One Surge Over 4%

AInvestMonday, Jul 15, 2024 6:30 pm ET
1min read
1. Coinbase Global (Nasdaq: COIN)
Coinbase Global surged by 11.39%. Coinbase Global reported 14 insider transactions on July 15, with over-10% shareholder Armstrong Brian selling 3,932 shares on July 11. Barclays maintained an underweight rating with a price target of $196. Coinbase disclosed 7 and 10 insider transactions on July 3 and July 2, respectively.

2. Block (NYSE: SQ)
Block gained solidly by 4.84%. Deutsche Bank and Susquehanna maintain buy ratings on Block with target prices of $98.00 and $100.00, respectively. Keefe, Bruyette & Woods maintains a market perform rating with a target price of $74.00. Block reported Q1 2024 revenue of $59.57 billion.

3. Capital One Financial (NYSE: COF)
Capital One Financial gained solidly by 4.5%. JP Morgan maintains a neutral rating for Capital One, raising the price target to $155.00. Evercore ISI Group maintains an in-line rating, lowering the target to $154.00. BTIG initiates coverage with a neutral rating. Jefferies upgrades to buy, raising the target to $165.00.

4. Discover Financial Services (NYSE: DFS)
Discover Financial Services gained solidly by 4.4%. Discover Financial will report its second-quarter financial results for fiscal 2024 on July 17, 2024. Barclays, JP Morgan, and Keefe, Bruyette & Woods have updated their ratings and price targets. BTIG initiated coverage with a neutral rating.

5. Chartermmunications (Nasdaq: CHTR)
Chartermmunications gained solidly by 4.36%. Citigroup and Goldman Sachs downgraded Charter Communications to Sell, with price targets of $255 and $250, respectively. Loop Capital maintains a Hold rating with a $285 target, while B of A Securities holds a Neutral rating at $300. Charter reported Q1 2024 revenue of $13.679 billion.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.