Coinbase, Tesla, Citrix PayPal and more

Take a look at the companies that make news before the bell.

Coinbase: Coinbase shares fell 3.2% in trading early in the morning after the cryptocurrency exchange revealed it had received a warning of possible compliance actions by the Securities and Exchange Commission. The notice is related to Coinbase’s interest product called Coinbase Lend, the company said in a blog post.

Tesla: Tesla shares rose 0.7% more in the first market after sales of Chinese vehicles showed that sales of the electric vehicle manufacturer increased in August of the previous month. Local sales of Chinese-made vehicles rose to 12,885 cars in August from 8,621 vehicles in July, according to the Chinese Travelers Association.

Citrix: Citrix shares jumped 5.2% in early morning trading after the Wall Street Journal reported that activist hedge fund Elliott Management has a stake of more than $ 1 billion in the company. software. According to the report, the fund wants Citrix to work to increase its valuation.

PayPal: PayPal shares added 1% in premarket trading after digital payment platform said it would acquire Japanese company Paidy, which it now buys, which it pays later, in a $ 2.7 billion deal . The move comes after Square announced in August that it would buy Australian company BNPL Afterpay and after Amazon announced a partnership with company BNPL Affirm.

Nio – Nio shares fell nearly 3% in trading early in the morning after the Chinese electric vehicle company announced a $ 2 billion share offer. The company said it will use the revenue to “further strengthen its balance sheet as well as for general corporate purposes.

Coupa Software: Coupa Software shares added 5% after better-than-expected quarterly financial results. Coupa reported earnings of 26 cents per share on revenue of $ 179.2 million. Wall Street expected a 6-cent loss per share of $ 163 million in revenue, according to Refinitiv.