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Stocks making the biggest moves premarket: Tesla, Coinbase, Cisco Systems and more

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Microstrategy Inc,Coinbase Global Inc,Market Insider

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Tesla — The electric vehicle stock popped 7% and looked poised to build on last week's 29% surge. The Elon Musk-run company has rallied on the heels of Donald Trump's presidential victory, topping $1 trillion in market value on Friday as investors bet the company will benefit under the new administration.

6% higher following an upgrade at JPMorgan to overweight from neutral. The bank expects Cisco will likely return to positive earnings revision thanks to a recovery cycle in Enterprise Networking demand. Trump Media & Technology — Trump's social media stock rallied 8% as investors continued pouring money into stocks connected to the president-elect.

 

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