Coinbase, Tesla, Citrix PayPal and more

Find out which companies are making the headlines before the bell.

Coinbase – Coinbase shares fell 3.2% in exchanges early in the morning after the cryptocurrency exchange revealed it had received a notice of possible execution from the Securities and Exchange Commission. The notice relates to Coinbase’s interest-generating product called Coinbase Lend, the company said in a blog post.

Tesla – Tesla shares rose 0.7% pre-market after Chinese car sales figures showed the electric vehicle maker’s sales jumped in August from the previous month. Local sales of Chinese-made vehicles jumped to 12,885 cars in August from 8,621 cars in July, according to the China Passenger Car Association.

Citrix – Citrix shares jumped 5.2% in trading early in the morning after the Wall Street Journal reported that activist hedge fund Elliott Management had a stake of more than $ 1 billion in the software company. The fund wants Citrix to strive to increase its valuation, according to the report.

PayPal – PayPal shares added 1% to pre-market trading after the digital payments platform announced it would buy Japanese company Paidy in a deal worth $ 2.7 billion dollars. The move comes after Square announced in August that it would acquire Australian company BNPL Afterpay, and after Amazon announced a partnership with BNPL Affirm.

Nio – Nio shares fell nearly 3% in trading early in the morning after the Chinese electric vehicle company announced a $ 2 billion share offering. The company said it would use the proceeds to “further strengthen its balance sheet, as well as for general corporate purposes.

Coupa Software – Shares of Coupa Software rose 5% after better than expected quarterly financial results. Coupa reported earnings of 26 cents a share on sales of $ 179.2 million. Wall Street expected a loss of 6 cents a share on revenue of $ 163 million, according to Refinitiv.