Nike, Ulta Beauty, Alibaba, Walmart, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, the major U.S. indices closed positively, with the Dow Jones Industrial Average rising 0.6% to 40,008.39 and the S&P 500 gaining 0.4% to 5,455.21. The Nasdaq also inched up by 0.03% to 17,192.60.

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

Nike Inc. NKE

Nike shares closed with a slight increase of 0.03%, with a closing price of $78.52. The stock hit an intraday high of $79.09 and a low of $77.42. Its 52-week range is $70.75 to $123.39. The athletic footwear and apparel brand saw a surge in its stock after Bill Ackman’s Pershing Square revealed a new stake in the company, now owning approximately 3.04 million shares worth approximately $230 million.

Ulta Beauty Inc. ULTA

Ulta Beauty shares dipped by 0.76%, closing at $329.05. The stock’s intraday high was $332.92 and low was $325, with a 52-week range of $318.17 to $574.76. Warren Buffett-led Berkshire Hathaway revealed new stakes in the company on the day through a SEC filing.

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Alibaba Group Holding Ltd. BABA

Alibaba shares fell by 2.01%, closing at $79.47. The stock’s intraday high was $80.98 and low was $78.07, with a 52-week range of $66.63 to $96.68. In the after-hours session, the company’s shares rose 1.23%. The Jack Ma-founded company’s Southeast Asian e-commerce platform, Lazada, hit a monthly profit for the first time in July 2024, marking a significant milestone in its business strategy.

Walmart Inc. WMT

Walmart shares rose by 0.78%, closing at $68.66. The stock’s intraday high was $68.79 and low was $67.85, with a 52-week range of $49.85 to $71.33.The company is anticipated to release earnings on Thursday before the market opens, with analysts estimating EPS of 64 cents and revenue of $168.56 billion.

Tesla Inc. TSLA

Tesla shares dropped by 3.10%, closing at $201.38. The stock’s intraday high was $208.44 and low was $198.75, with a 52-week range of $138.8 to $278.97. The company’s Robotaxi plans face fresh competition as Chinese firm WeRide received approval to test driverless vehicles with passengers in California.

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

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal