Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 22.9% in the afternoon session after the S&P Dow Jones Indices announced that the company would join the S&P 500 Index before the start of trading on Monday, May 19, 2025. The S&P 500 is a widely followed index that tracks the performance of the 500 largest companies in the United States.
Shares of health insurance company UnitedHealth (NYSE:UNH)
fell 16% in the afternoon session after the company announced the unexpected departure of its CEO, Andrew Witty, for personal reasons, leading to uncertainty in leadership as former CEO Stephen Hemsley returns. Also, it suspended its full-year 2025 financial outlook, citing a continued acceleration in care activity and higher-than-anticipated medical costs, particularly within its Medicare Advantage plans.
A Microsoft spokesperson told CNBC that the software giant continues to implement “organizational changes necessary to best position the company for success in a dynamic marketplace.”
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Coinbase Global Inc., America's largest crypto exchange, is set to join the S&P 500, replacing Discover Financial Services (NYSE: DFS) in the benchmark index, according to a Monday announcement.
Action camera company GoPro (NASDAQ:GPRO) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 13.6% year on year to $134.3 million. Its non-GAAP loss of $0.12 per share was in line with analysts’ consensus estimates.
