GameStop, Apple, Pfizer, Tesla, AMC: Why These 5 Stocks Are Trending Today

U.S. stocks experienced a downward trend midway through trading, with the Dow Jones declining approximately 200 points on Wednesday. The Dow ended Wednesday lower by 0.57% to 34,443.19, while the NASDAQ saw a decrease of 1.06% to 13,872.47. Similarly, the S&P 500 also witnessed a drop, falling 0.7% to 4,465.48.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

GameStop Corporation GME
GameStop shares saw a decline of 2.50%, closing at $18.75. The stock’s intraday high was $19.15, with a low of $18.42, and a 52-week range between $15.41 and $34.99. GameStop announced a Q2 net sales increase of 2.5% year-over-year, reaching $1.16 billion. This performance surpassed analysts’ expectations. However, the company will not be holding a conference call to discuss these results. A notable mention is the upcoming movie “Dumb Money,” which focuses on the GameStop stock saga and is set to release on September 22. Read more about GameStop’s performance here.

Apple Inc AAPL
Apple’s shares decreased by 3.58%, closing at $182.91. The stock’s intraday high and low were $188.85 and $181.47, respectively, with a 52-week range of $124.17 to $198.23. Recent reports suggest that China has banned the use of iPhones for government officials at work, aligning with Beijing’s cybersecurity and technology self-reliance efforts. Find out more about Apple’s stock movement here.

Pfizer Inc PFE
Pfizer’s stock declined by 2.85%, closing at $34.37. The intraday high and low were $35.28 and $34.26, respectively, with a 52-week range between $34.26 and $54.93. UK regulators recently approved an updated COVID-19 vaccine by Pfizer, targeting the Omicron XBB.1.5 subvariant. The vaccine, sold under the brand Comirnaty, has been approved for individuals aged 6 months and above. Read more on Pfizer’s recent developments here.

Tesla Inc TSLA
Tesla shares dropped by 1.78%, closing at $251.92. The stock’s intraday high and low were $255.39 and $245.06, respectively, with a 52-week range of $101.81 to $313.8. Tesla reported a 9.4% year-over-year increase in China sales for August. Additionally, Tesla’s Shanghai Gigafactory announced the production of its 2 millionth vehicle. Discover more about Tesla’s stock trends here.

AMC Entertainment Holdings, Inc AMC

AMC shares plummeted by a staggering 36.80%, closing at $8.62. The stock’s intraday high and low were $11.7 and $8.43, respectively, with a 52-week range between $8.43 and $107.5. The significant drop came after AMC announced an agreement to sell up to 40 million shares through an equity distribution agreement with several Wall Street investment banks. This move followed two weeks of downward pressure on the stock after AMC implemented a 10-1 reverse stock split and converted its preferred equity shares into common stock. Read more about AMC’s stock movement here.

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