Today, the stock market showed a mixed performance, with the Dow Jones Industrial Average gaining over 70 points, while the S&P 500 and the Nasdaq indices experienced a slight dip amid ratings cut for the U.S. by Fitch Ratings. Despite the overall positive performance of the Dow, the S&P 500 and the Nasdaq indices were weighed down by losses in the technology sector.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Advanced Micro Devices, Inc. AMD closed the day with a 2.80% gain at $117.6, with an intraday high of $118.19 and a low of $113.16. The stock’s 52-week high and low are $132.83 and $54.57 respectively. AMD shares surged following the company’s announcement of its plans to acquire Xilinx, a leading provider of adaptive computing solutions.
Luckin Coffee Inc. LKNCY saw a significant increase of 13.24%, closing at $33.18. The stock hit an intraday high of $33.43 and a low of $30.4. Its 52-week high and low are $33.92 and $11.4 respectively. Luckin Coffee announced its second-quarter financial results, showing a strong performance that exceeded market expectations.
Starbucks Corporation SBUX experienced a slight dip of -0.31%, closing at $101.26. The stock’s intraday high and low were $101.71 and $100.4, with a 52-week high and low of $115.48 and $81.67 respectively. Despite the slight dip, Starbucks reported a record third-quarter revenue, beating estimates and hitting record sales in China.
Pinterest, Inc. PINS closed the day with a slight decrease of -0.10% at $28.96. The stock’s intraday high and low were $29 and $28.11, with a 52-week high and low of $30.86 and $20.39 respectively. Despite the slight decrease, Pinterest reported quarterly adjusted earnings that beat estimates, with global monthly active users increasing by 8% year-over-year.
Tesla, Inc. TSLA saw a decrease of -2.38%, closing at $261.07. The stock’s intraday high and low were $266.47 and $260.25, with a 52-week high and low of $314.67 and $101.81 respectively. Despite the decrease, Charlie Munger, Berkshire Hathaway’s vice chairman, praised Tesla’s achievements in the American auto industry, calling it a “minor miracle.”
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