Top 5 Stocks Gaining Popularity

author: FutureCar Staff    

U.S. stocks showed positive momentum as the trading day neared its end, with the Nasdaq Composite leading the way with a gain of over 1% on Monday. The tech-heavy index closed at 13,917.89.

The Dow Jones Industrial Average also experienced an upward trend, rising by 0.25% to reach 34,663.72. Similarly, the S&P 500 index followed suit, marking a 0.67% increase to settle at 4,487.46.

Throughout the day, several stocks caught the attention of retail traders and investors:

Oracle Corporation (ORCL) saw a slight increase of 0.31% in its stock performance, closing at $126.71. The stock reached an intraday high of $127.42 and a low of $124.72. Oracle reported a first-quarter revenue of $12.45 billion, with a 9% year-over-year growth. The company's cloud revenue also saw a significant 30% increase from the previous year. Larry Ellison, Oracle's Chairman and CTO, highlighted the potential of Generative AI, hinting at its transformative capabilities.

Tesla, Inc. (TSLA) experienced a remarkable surge of 10.09% in its stock, closing at $273.58. The stock reached an intraday high of $274.85 and a low of $260.61. Morgan Stanley analyst Adam Jonas pointed out Tesla's custom supercomputer, Dojo, as a potential game-changer that could significantly boost the company's enterprise value.

Novavax, Inc. (NVAX) faced a decline of 12.88% in its stock, closing at $7.82. The stock's intraday high and low were $9.02 and $7.73, respectively. Novavax, which utilizes protein-based technology, is still awaiting FDA approval, unlike Moderna and Pfizer, which have received approval for their updated COVID-19 vaccines.

DraftKings Inc. (DKNG) saw a minor dip of 0.19% in its stock, closing at $31.79. The stock's intraday high was $32.65, and its low was $31.52. Over the past 52 weeks, the stock has ranged from $10.69 to $34.49. DraftKings recently faced criticism for a "Never Forget" parlay promotion, which they later apologized for, emphasizing their respect for the significance of 9/11.

Pfizer Inc. (PFE) experienced a decline of 0.91% in its stock, closing at $33.94. The stock's intraday high and low were $34.3 and $33.54, respectively. Recent data suggests a rise in Pfizer's short percent of float, indicating a shift in market sentiment towards the stock.

Prepare for the day's trading with top premarket movers and news by Benzinga.

FutureCar Staff