老虎社区 09-24
Chinese ADRs, Tesla, Snowflake, Visa, Miniso, and More
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These stocks were poised to make moves Tuesday:

Chinese ADRs jumped in premarket trading. Alibaba and XPeng rose 5%; NIO rose 6%; PDD Holdings rose 4%; JD.com and Li Auto rose 7%. China ’ s central bank unveiled a broad package of monetary stimulus measures to revive the world ’ s second-largest economy.

Tesla shares rose another 1.9% in premarket trading Tuesday. The shares hit the accelerator Monday as analysts highlighted several potential catalysts that could provide a boost for the electric vehicle ( EV ) manufacturer. Tesla shares finished nearly 5% Monday at $250, notching the top performance of any stock in the S&P 500.

Visa Inc. stock fell 1.6% in premarket trading following reports that the payments giant faces an antitrust lawsuit from the U.S. Justice Department.

Snowflake shares dropped 2.6% in premarket trading. Snowflake is seeking to raise $2 billion from the sale of convertible bonds. The data analytics provider is offering two tranches of $1 billion each in a private placement, according to a statement Monday. Snowflake is marketing its convertible senior notes due 2027 and 2029 respectively with a coupon of 0% to 0.5% each, according to people familiar with the matter.

Miniso shares dropped another 5% in premarket trading Tuesday. Miniso Group Holding plunged as much as 16.7% on Monday after the company said it would take a stake in embattled Chinese supermarket operator Yonghui Superstores.

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