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Spirit, Digital World, Coinbase Fall Premarket; AutoZone, Chewy Rise By Investing.com - Investing.com

Spirit, Digital World, Coinbase Fall Premarket; AutoZone, Chewy Rise By Investing.com - Investing.com

Jun 27, 2022 54 secs

Coinbase (NASDAQ:COIN) stock fell 4.9% after Goldman Sachs downgraded its stance on the cryptocurrency exchange to ‘sell’ from ‘neutral’ as the sell-off in the prices of digital currencies continues to put pressure on the platform.

AutoZone (NYSE:AZO) stock rose 2.9% after Goldman upgraded its stance on the retailer of automotive parts to ‘buy’ from ‘neutral’, saying it is “defensively positioned” to weather inflation.

Robinhood (NASDAQ:HOOD) stock rose 2.5% after Goldman upgraded its stance on the online brokerage to ‘neutral’ from ‘sell’, seeing a more balanced risk-reward basis as the stock has underperformed significantly of late.

Chewy (NYSE:CHWY) stock rose 4.8% after Needham upgraded its stance on the pet retailer to ‘buy’ from ‘hold’, saying it’s due a comeback after falling around 35% this year.

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