Autodesk, Broadcom, Best Buy rise; Coinbase falls By Investing.com

(Updated – June 17, 2024 11:35 AM EDT)

Investing.com — U.S. stock futures were mixed Monday, as investors awaited more crucial economic data as well as speeches from a number of Federal Reserve officials.

Here are some of the biggest U.S. stock movers today:

Autodesk (NASDAQ:) stock rose 5.2% after activist investor Starboard Value acquired a stake worth approximately $500 million in the design-software manufacturer, and is now advocating for changes within the company.
GameStop (NYSE:) fell 1% ahead of the video game retailer’s annual meeting later in the session, after it was postponed last week due to a technical glitch resulting from high demand from shareholders.
UBS (UBS) stock rose 1.4% after the Swiss banking giant said it will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounting for 90% of what they are owed.
Best Buy (NYSE:) (BBY) stock rose 3.2% after UBS upgraded its investment stance on the electronics retailer to ‘buy’ from ‘neutral’, citing a positive outlook, supported by the company’s ongoing restructuring efforts.
Primo Water (NYSE:) stock fell 4% after the packaged water company said it would merge with BlueTriton Brands in an all-stock deal.
Coinbase (NASDAQ:) stock fell 3%, with the cryptocurrency exchange weighed by more losses in bitcoin, the world’s most popular digital currency.
AMC Networks (NASDAQ:) stock slumped 32% after the entertainment company announced a $125 million convertible offering.
Broadcom (NASDAQ:) rose 3.7%, adding to recent gains. Shares are up 23% since it reported second quarter results and announced plans for a stock split last week.
Corning (NYSE:) rose 3.6% after analysts upgraded the stock to ‘overweight.”
Tesla (NASDAQ:) rose 4.75% following reports that said Shanghai is allowing tests of the company’s most advanced autonomous driving software.