These Stocks Moved the Most Today: Alphabet, Coinbase, GameStop, Strategy, Circle Internet, Oracle, and More

Traders working at the New York Stock Exchange. (Courtesy NYSE)

Key Points

• Cryptocurrency-exposed stocks rose as Bitcoin surpassed $90,000, with Coinbase Global up 3.9% and Robinhood Markets rising 0.5%.
• Circle Internet Group jumped 9.8% after S&P Global rated rival stablecoin Tether’s reserves as “weak” due to riskier assets.
• Tilray Brands sank 20% following its announcement of a one-for-ten reverse stock split, effective Monday.

Stocks ended the Black Friday-shortened session in the green, with the benchmark S&P 500 index extending its rally to wrap up a volatile November.

These stocks made moves:

Alphabet rose 0.1% after wavering throughout the day. Investors have become more excited about Google’s AI efforts after the launch of the Gemini 3 chatbot and a potential deal for Meta Platforms to use its chips.

Google rival Nvidia endeddown 1.8%.

Stocks exposed to cryptocurrency got a boost as Bitcoin rebounded past the $90,000 mark. The world’s largest crypto by market cap has moved 0.8% lower over the past 24 hours to $90,736, according to CoinDesk data.

Circle Internet Group, which issued two types of stablecoins, jumped 10%, Coinbase Global was up 3%, Robinhood Markets rose 0.5%, and Strategy, the largest corporate holder of Bitcoin, was 0.9% higher.

GameStop gained 4.2%. The meme stock gained momentum ahead of third-quarter earnings, which are expected next week. Shares have slumped 29% this year.

Oracle declined 1.5%.It has been battered by expectations the company will borrow even more to finance its AI business.

Retail stocks were also in focus on Black Friday, one of the busiest shopping days of the year. Amazon.com gained 1.8%, Walmart rose 1.3%, and Costco Wholesale ended 0.6% higher.

Tilray Brands sank 21%. The cannabis company said it would initiate a one-for-ten reverse stock split, effective Monday.

CME Group closed up 0.2%. The exchange operator reopened futures and options trading at 8:30 a.m. Eastern after a data-center cooling issue disrupted activities for several hours.

CNH Industrial rose 0.3%. J.P. Morgan downgraded shares of the agricultural equipment manufacturer to Underweight from Neutral with a $10 price target, down from $10.50. Analysts cited an industry outlook from Deere, saying they see downside for sales of large agriculture equipment in North America beyond 2025.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Callum Keown at callum.keown@dowjones.com