Nike's Web3 Tie: RTFKT Sale Explained

On this episode of Stock Movers:

• Coinbase Global Inc. shares (COIN) rise 0.5% 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% ahead of the bell 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 9.7% after the members’ club operator said it faces a funding gap tied to the company’s pending sale.

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