Hot Stocks: HUT gains on Bitcoin production, CSGP pops on S&P entry, MNKD rises, and BBBY falls 15%
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Hut 8 Mining Corp. (NASDAQ:HUT) tracked higher during Tuesdayâs premarket trading session as the stock increased its Bitcoin (BTC-USD) average production rate. Also in the green are shares of CoStar Group, Inc. (NASDAQ:CSGP), as it enters the S&P 500. MannKind Corporation (NASDAQ:MNKD) also gained after positive Phase 1 data for a lung disease treatment.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) has plunged by more than 15% as the retail chain mourns the death of Chief Financial Officer Gustavo Arnal.
Gainers
Hut 8 Mining Corp. (HUT) gained 2.1% as the organization reported an increase in its Bitcoin (BTC-USD) holdings by 375 in the period ending August 31. HUTâs average production rate is now leading to a rate of ~12.1 Bitcoin/day, which is up 14% from Julyâs average production rate of 10.61 Bitcoin/day.
CoStar Group, Inc. (CSGP) popped 7.2% after news came out that the real estate marketplace stock will be joining the S&P 500 as part of quarterly rebalancing.
MannKind Corporation (MNKD) moved higher by 1.1% in early market trading as the biopharma organization announced its plans to further develop clofazimine inhalation suspension for nontuberculous mycobacterial lung disease.
Decliner
Bed Bath & Beyond Inc. (BBBY) shares have dropped 15.9% on Tuesdayâs premarket trading session after the retailer confirmed that Chief Financial Officer Gustavo Arnal had died. BBBY officially announced his passing hours after published reports indicated the man had plunged to his death from a Manhattan skyscraper.
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