Coinbase Rises, Nike Falls, Soho House Declines After ratings Downgrade

On this episode of Stock Movers:
- Coinbase Global Inc. shares (COIN) rise after it was raised to buy from neutral at BofA Global Research on growth from new products and a lower valuation.
- Nike shares (NKE) fall 1% as Needham analyst Tom Nikic downgrades the athletic footwear maker to hold from buy given his view that a turnaround is taking longer than expected.
- Soho House (SHCO) declines after the members’ club operator said it faces a funding gap tied to the company’s pending sale.

See omnystudio.com/listener for privacy information.