Nike, Marathon Digital, Mullen Automotive, Riot Platforms, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks exhibited a positive trend on Thursday with the Dow rising 0.87% to 37,404.35. The S&P 500 rose 1.03% to 4,746.75 and Nasdaq gained 1.26% to 14,963.87 for the day.

Transitioning to individual stock performances, These are the top stocks that gained the attention of retail traders and investors throughout the day:

Nike, Inc. NKE

Nike’s stock experienced a dip in after-hours falling 11.7%. The shoe manufacturer’s stock closed the regular session with a 0.91% increase at $122.53. The stock fluctuated between an intraday high of $123.3 and a low of $121.3, with a 52-week range of $131.31 to $88.66. Despite reporting quarterly earnings that surpassed analyst expectations, revenue fell short of estimates, leading to mixed reactions in the market. John Donahoe, President & CEO, emphasized the company’s focus on innovation and growth in response to these results.

Marathon Digital Holdings MARA

Marathon Digital Holdings saw a significant surge, closing at $24.78, a 12.13% increase. The stock’s day ranged between $22.42 and $25.1, with a 52-week high of $25.10. This surge is attributed to the company’s aggressive expansion in mining sites, leading to a substantial increase in capacity and optimistic market sentiment towards Bitcoin BTC/USD and the broader crypto industry.

Mullen Automotive Inc. MULN

Mullen Automotive’s stock skyrocketed by 78.13%, closing at $14.25. The stock hit an intraday high of $18.7 and a low of $6.95, with a 52-week range of $107.45 to $0.12. The company’s recent announcement of delivering additional Class 3 vehicles and receiving CARB certification for the Mullen ONE significantly boosted investor confidence.

Riot Platforms Inc. RIOT

Riot Platforms saw a modest increase of 1.82%, closing at $16.75. The stock’s daily range was between $16.27 and $16.97, with a 52-week range of $20.65 to $3.25. The company, along with other Bitcoin miners, benefited from the rising price of Bitcoin and the general optimism in the crypto market.

Tesla Inc. TSLA

Tesla’s stock closed at $254.5, marking a 2.98% increase. The stock fluctuated between $248.55 and $254.8 during the day, with a 52-week range of $299.29 to $101.81. Despite facing scrutiny in Norway over potential safety flaws in its Model S and X vehicles, the stock showed resilience, reflecting investor confidence in the company’s long-term prospects.

Photo by Phongphan on Shutterstock

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


Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsMarketsautomotiveBitcoinelectric vehiclesEVsMarathon DigitalMullen AutomotiveNikeRiot PlatformsTesla
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!