Apple, Carvana, Coinbase, DraftKings, Block: Why These 5 Stocks Are Drawing Investors' Attention Today

U.S. markets ended in the red on Thursday as concerns regarding the banking sector gained momentum following PacWest Bancorp's PACW move to explore strategic options. PacWest shares closed over 50% lower while Western Alliance Bancorporation WAL shares lost over 38% on Thursday.

Meanwhile, following are the five stocks that are drawing investors' attention:

1. Apple Inc AAPL: Shares of the company closed 0.99% lower but gained 2.49% in extended trading. The company posted a 3% decline in its second quarter revenue at $94.8 billion, higher than the Street forecast of $92.96 million. The company said its board has authorized an additional $90 billion for share repurchases and also announced a 4% year-over-year increase in dividends at 24 cents per share.

Also Read: Everything You Need To Know About Apple Stock

2. Carvana Co CVNA: Shares of the company gained 25% in extended trading. Carvana reported a quarterly loss of $1.51 per share, which beat an estimate for a loss of $2 per share. The company's first-quarter revenue fell 25% year-over-year to $2.61 billion, beating an estimate of $2.6 billion.

3. Coinbase Global Inc COIN: Shares of the company gained over 9% in extended trading. The company reported total revenue of $772.5 million, which beat a Street estimate of $649.4 million.

4. DraftKings Inc DKNG: Shares of the company closed 2.78% lower but gained 9.81% in extended trading. DraftKings reported first-quarter revenue of $770 million, which was up 84% year-over-year. The revenue total beat a Street estimate of $704.13 million.

5. Block Inc SQ: Shares of the company closed 1.87% higher and gained another 2.35% in extended trading. Block's first-quarter net revenue increased 26% year-over-year to $4.99 billion, beating an average analyst estimate of $4.59 billion.

This illustration was generated using artificial intelligence via MidJourney.

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