Stocks making the biggest moves premarket: COIN, PDD, DUOL

News Snapshot:

Check out the companies making headlines before the bell. Crypto stocks — Stocks connected to cryptocurrencies rose as Bitcoin hit a fresh record high and topped $71,000. Coinbase and Microstrategy rose about 6% and 8%, respectively. Marathon Digital also rose 6%. PDD Holdings — U.S.-listed shares of the Chinese ecommerce company added 4.5% following an upgrade by Jefferies to buy. Concerns about geopolitics risks are now priced in and Temu should continue to gain market share, Jefferies said. Duolingo — Duolingo shares rose more than 1% after JPMorgan initiated coverage of the online learning platform with an overweight rating, citing...