Pre-market hot trades in US stocks: SharpLink Gaming pre-market down 7.25%; Sandisk pre-market down 3.35%

Pre-market Hot Trades in US Stocks

SharpLink Gaming is down 7.25% in pre-market trading. Based on recent key news:

1. On November 28, SharpLink Gaming's stock price was affected by overall pressure in the cryptocurrency market. The decline in Bitcoin prices has put pressure on related companies, especially those holding a large amount of crypto assets. According to analysis from Jinse Finance, Bitcoin's macro asset attributes make it highly sensitive to interest rate expectations and global liquidity, leading to intensified market sell-offs of high-risk assets.

2. On November 30, Strategy Inc. CEO Phong Le stated in a podcast that the company might sell Bitcoin to pay dividends, raising further concerns in the market regarding cryptocurrencies. S&P Global Ratings downgraded the stability assessment of USDT, exacerbating negative sentiment in the market towards cryptocurrencies and affecting the performance of related stocks.

3. On November 28, SharpLink Gaming's stock price faced skepticism from investors regarding its future profitability. According to analysis from Simply Wall St, although the company has potential in the blockchain gaming sector, its high price-to-earnings ratio and market volatility have led investors to maintain a cautious stance. With increased volatility in the crypto market, investment should be approached with caution.

Sandisk is down 3.35% in pre-market trading. Based on recent key news:

1. On November 28, Sandisk was removed from the S&P 600 index, leading to a decline in its stock price. This move may affect investor confidence, resulting in a pre-market drop of 3.35%. Source: Zhitong Finance

2. On November 28, Sandisk entered the S&P 500 index, with its stock price briefly rising to $237.77, but then falling back to $215.24. The market is taking a wait-and-see approach regarding its short-term performance. Source: Zhitong Finance

3. On December 1, Morgan Stanley raised Sandisk's target price to $273 and maintained an "overweight" rating, believing that the market reaction was excessive. This move did not prevent the stock price from declining in pre-market trading. Source: Zhitong Finance, with increased patent litigation risks in the storage industry.

Top Gainers in Pre-market US Stocks

Direct Digital is up 66.84% in pre-market trading, with no significant news recently. Trading is active, and capital flows are evident. Considering sector and industry trends, the stock shows significant volatility, and specific reasons need further observation.

Kala Pharmaceuticals is up 43.88% in pre-market trading, with no significant news recently. Trading is active, and capital flows are evident. Considering sector and industry trends, the stock shows significant volatility, and specific reasons need further observation.

Webuy Global is up 29.81% in pre-market trading. Based on recent news,

1. On November 28, Webuy Global Ltd. released its latest announcement through the EDGAR system of the U.S. Securities and Exchange Commission, detailing the company's recent significant business progress and financial performance. This announcement boosted market confidence, driving the stock price significantly higher

2. On November 27th, market rumors suggested that Webuy Global might receive a significant strategic investment, further enhancing investors' expectations for the company's future development, leading to a rise in stock prices.

3. On November 26th, analysts generally raised their earnings forecasts for Webuy Global, expecting the company to achieve significant growth in the coming quarters, and this optimistic outlook also boosted the rise in stock prices. Recently, there has been a surge in market enthusiasm for investing in technology stocks