TSLA, DIS, HOOD, BYND, U: Top 5 Trending Stocks - Beyond Meat (NASDAQ:BYND), Tesla (NASDAQ:TSLA), Unity Software (NYSE:U), Robinhood Markets (NASDAQ:HOOD)

Tesla, Walt Disney, Robinhood, Beyond Meat, Unity Software: Why These Five Stocks Are Drawing Investors' Attention Today

by Bhavik Nair Benzinga Staff Writer

Zinger Key Points

Total subscribers to the Disney+ service declined by 4 million to 157.8 million.
Robinhood’s first-quarter revenue rose 16% sequentially to $441 million, beating a Street consensus estimate of $424.5 million.
Beyond Meat’s first-quarter revenue decreased 15.7% to $92.2 million but beat a consensus estimate of $91.73 million.
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U.S. markets ended mixed on Wednesday after a lower-than-expected rise in April inflation. The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year for the month, slightly below the 5% increase seen in March and the 5% forecasted by economists. The headline inflation rate rose 0.4% month-on-month in April, up from 0.1% in March. Meanwhile, the following are the five stocks that are drawing investors' attention:

1. Tesla Inc TSLA: Shares of Tesla closed 0.36% lower on Wednesday. The EV-maker has increased the North American production of each of its four vehicles during the first quarter and manufacturing over 150,000 cars in total, according to Bloomberg Intelligence.

Also Read: Everything You Need to Know About Tesla Stock

2. Walt Disney Co DIS: Shares of the company closed 1.02% lower and lost another 4.79% in extended trading. Disney reported second-quarter revenue at $21.82 billion, up 13% year-over-year. However, total subscribers to the Disney+ service declined by 4 million to 157.8 million.

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3. Robinhood Markets Inc HOOD: Shares of the company gained over 3% in extended trading. Robinhood's first-quarter revenue rose 16% sequentially to $441 million, beating a Street consensus estimate of $424.5 million. Net loss for the first quarter stood at $511 million compared to a net loss of $166 million in the fourth quarter of 2022.

4. Beyond Meat Inc BYND: Shares of the company closed 1.96% higher but lost 2.16% in extended trading. Beyond Meat's first-quarter revenue decreased 15.7% to $92.2 million but beat a consensus estimate of $91.73 million.

5. Unity Software Inc U: Shares of the company closed 1.63% higher and gained over 10% in extended trading. The company's first-quarter revenue increased 56% year-over-year to $500 million, beat an average analyst estimate of $480.9 million.

BYNDBeyond Meat Inc

$2.67-3.61%