Tesla, Coinbase, MicroStrategy, Macy’s, Amazon, Frontier Group, and More Market

Tesla

fell 1.4%. Shares of the electric-vehicle maker rose 6.5% on Wednesday (U.S. stock markets were closed Thursday for Independence Day) and 10% on Tuesday after second-quarter deliveries were better than expected. The stock has closed higher for seven-straight sessions.

Tesla

cars on Thursday were included on a local government procurement list in China for the first time, meaning the company’s EVs can be used there as service cars by public organizations.

Coinbase

declined 6%,

Robinhood Markets

was down 4.2%, and

MicroStrategy

fell 6.3% after

Bitcoin

tumbled to under $56,000. The crypto-related stocks fell as Bitcoin and other cryptocurrencies were dragged lower by the pending refund of assets from the collapsed Mt. Gox crypto exchange.

Macy’s

was up 11% to $19.90 after The Wall Street Journal reported investment firms Arkhouse Management and Brigade Capital Management raised their bid for the retailer by about $300 million. The new proposal is to acquire the

Macy’s

stock the firms don’t already own for $24.80 a share, or roughly $6.9 billion, people familiar with the matter told the Journal.

U.S.-listed shares of

Smith & Nephew

were up 7.8% after activist investor Cevian Capital disclosed a 5% stake in the British seller of medical equipment.

Amazon.com

was rising 1.2% to $199.99. Jeff Bezos, the founder and executive chairman of the online retailing and technology giant, filed plans Tuesday of his intent to sell 25 million of his Amazon shares worth more than $4.9 billion at the time of the filing. The filing was made as shares of

Amazon

hit a closing record high on Tuesday of $200. Meanwhile, Friday marks the three-year anniversary of Andy Jassy as CEO of Amazon, taking over from Bezos.

Frontier Group

fell 3.6% and

Spirit Airlines

was down 2.1% after analysts at Raymond James downgraded shares of the airlines to Underperform from Market Perform.

Write to Joe Woelfel at joseph.woelfel@barrons.com