Benzinga - by Ramakrishnan M, Benzinga Editor.
After a week that kicked off with a dip in U.S. stocks, witnessing major indices closing in the red — excluding the tech-heavy Nasdaq 100, buoyed by positive Black Friday data — here are the top five after-hours gainers, according to data from Benzinga Pro.
- After a 3.66% climb during regular hours to $119.77, Coinbase saw an additional 0.73% increase in after-hours trading.
- Recent catalysts driving Coinbase’s ascent include Bitcoin (CRYPTO: BTC) reaching a new 52-week high after the DOJ’s settlement with Binance, Argentina electing a pro-cryptocurrency president, and anticipation of BlackRock’s potential approval for a spot Bitcoin ETF.
- Closing 1.14% higher at $28.5, GM continued its positive momentum with a 0.32% rise in after-hours trading.
- Despite temporarily suspending Robotaxi services in California due to safety concerns, GM plans to relaunch in a new city once safety improvements are made.
- Closing at $147.73, Amazon’s shares ended the day 0.67% higher before a slight uptick in after-hours trading.
- Amazon has surpassed UPS and FedEx to become the largest delivery business in the U.S. by parcel volumes, with business likely getting a good boost during Thanksgiving and Black Friday.
- Finishing Monday at $236.08 with a 0.27% gain, Tesla experienced a modest 0.05% increase in after-hours trading.
- Positive reports suggest Tesla’s Model Y is on track to become the top-selling vehicle in Europe by the end of 2023, coupled with additional price hikes in China and favorable legal developments over a workers’ strike in Sweden.
- Ending the day 0.31% higher at $378.61, Microsoft’s shares rose by 0.06% in extended trading.
- Amid recent developments involving OpenAI and CEO Satya Nadella‘s support for Sam Altman, Microsoft’s strength in AI, bolstered by the OpenAI acquisition, and dominance in cloud computing through Azure and Office suite likely contributed to investor satisfaction.