SpaceX Falls, CME Group Drops, Coinbase Sinks After New Product Announcements

On this episode of Stock Movers:-SpaceX (SPCX) shares drop, erasing a gain that had reached 6% earlier in the session. The decline puts the stock on track to snap a three-day winning streak that had pushed shares nearly 50% above their $135 IPO price.-CME Group (CME) shares drop. CME Group Inc. Chief Executive Officer Terry Duffy is handing over the reins after more than 25 years at the world’s largest derivatives exchange. Duffy will step down as CEO on March 1 and transition to executive chairman, with Chief Financial Officer Lynne Fitzpatrick taking over as CEO.-Coinbase (COIN) shares fall after the company announced a redesigned Base app and new products like an AI-powered adviser, private transactions, pre-IPO perpetual futures, options trading and tokenized stocks.See omnystudio.com/listener for privacy information.