Coinbase, Sphere Entertainment climb premarket; SmileDirectClub slumps

Investing.com -- Stocks in focus in premarket trade on Monday, October 2nd. Please refresh for updates.

• Shares in crypto-related stocks such as Riot Platforms (NASDAQ: RIOT) and Marathon Digital (NASDAQ: MARA) spiked in premarket trading, reflecting a surge in Bitcoin's price to near two-month highs.


• Cryptocurrency exchange Coinbase's (NASDAQ: COIN) shares rose after the company announced that its Singapore arm had obtained a license to offer digital payment token services to individuals and institutions in the city-state.


• SmileDirectClub (NASDAQ: SDC) shares plummet after the dental aligner manufacturer filed for Chapter 11 bankruptcy.


• Sphere Entertainment (NYSE: SPHR) stock climbed following the opening weekend of its Sphere entertainment venue in Las Vegas, which featured a series of concerts from the rock band U2.


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  SolarEdge Technologies (NASDAQ: SEDG) stock slipped after analysts at Barclays lowered their rating of the solar inverter maker to equal weight from overweight.

  
  


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  Nvidia (NASDAQ: NVDA) shares inched up after Goldman Sachs placed the chipmaker and artificial intelligence-darling on its Americas conviction list.

  
  

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