Markets

Social Buzz: Wallstreetbets Mixed as Tesla Drops, While Nvidia, Riot Blockchain, Cleveland Cliffs Rise

6:44AM ET 11/08/2021 MT Newswires
Tesla (TSLA) continued to be at the center of attention of the meme stock board pre-market Monday as shares dropped 5% on the news of Chief Executive Elon Musk's possible sale of 10% of his holding in the electric car company. The stock hit the floor at $1,131 and continued to trade at the level around $1,155.

Also much discussed by Reddit investors Monday pre-bell was Nvidia Corp. (NVDA), which rose 2.5%. The stock hit the floor of $302.25 and bounced off to the $304 level.

Newly added Riot Blockchain (RIOT) was up 8%, on higher bitcoin production in October and an increase in targeted hash rate for 2022. After reaching the ceiling of $35, the stock hovered around the $33.9 level in pre-market trade.

Shares of steel company Cleveland Cliffs (CLF) climbed 3.5%, while Lucid Group (LCID) increased 1%. GameStop (GME) dropped 1.5%.

Price: 1,159.20, Change: -62.89, Percent Change: -5.15