Stock Movers Coinbase Rises, Autodesk Gains, Kenvue Up After Ousting CEO
Jul 14, 2025
Coinbase sees a surge in shares as Bitcoin crosses the $120,000 mark, igniting investor excitement ahead of critical legislative discussions. Autodesk's stock benefits from its decision to drop plans for a significant acquisition, while Kenvue's shares climb after its CEO is ousted amid corporate restructuring. Recent shifts in leadership and market strategies highlight the dynamic nature of these major players in the stock market.
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Coinbase Rises with Bitcoin Surge
- Coinbase shares are rising, fueled by strong investor enthusiasm and legislation prospects.
- Bitcoin's breakthrough around $121,000 positively impacts Coinbase and related crypto stocks like Strategy and Galaxy.
Autodesk Drops Big Acquisition
- Autodesk halted its pursuit of acquiring PTC, a move welcomed by investors with a 4% rise.
- The company plans to focus on organic investments and targeted smaller acquisitions instead of large deals.
Kenvue CEO Departure Signals Change
- Kenvue announced its CEO will step down amid ongoing strategic reviews to satisfy activist investors.
- The company, recently spun off from Johnson & Johnson, is beginning changes including a CEO search and alternative strategies.