Why Coinbase Global Shares Are Trading Higher By Over 9%; Here Are 20 Stocks Moving Premarket

Shares ofCoinbase Global, Inc. (NASDAQ:COIN) rose sharply in today's pre-market trading.

Coinbase is set to join the S&P 500, replacing Discover Financial Services (NYSE:DFS) in the benchmark index, according to a Monday announcement. The inclusion of Coinbase in the S&P 500 will become effective before trading begins on May 19, according to a press release shared by S&P Dow Jones Indices.

Coinbase shares jumped 9.2% to $226.29 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

• Lichen International Limited (NASDAQ:LICN) rose 133.6% to $8.13 in pre-market trading after gaining...