Netflix, Faraday Future, Amazon, American Airlines, Tesla: Five Stocks Trending Among Investors Today

U.S. stocks showcased a mixed performance as trading neared its end on Wednesday. The Dow Jones experienced a dip, falling by 70 points or 0.2% to settle at 34,575.53. In contrast, the NASDAQ exhibited a slight uptick, rising by 0.29% to 13,813.59. The S&P 500 also displayed a marginal gain, increasing by 0.12% to 4,467.44.

This fluctuation in the market was influenced by the inflation rate in the U.S., which saw a rise for the second consecutive month, reaching 3.7% in August. This was up from 3.2% in the previous month and surpassed market estimates of 3.6%. Furthermore, consumer prices witnessed a 0.6% increase month-over-month in August, following a 0.2% growth in July.

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

Netflix Inc. NFLX
Shares of Netflix experienced a decline, closing at a 5.16% loss with a price of $412.24. The stock reached an intraday high of $438.4 and a low of $410.69, with its 52-week range being $485 to $211.73. This tumble was attributed to the company’s CFO, Spencer Neumann, who offered a subdued forecast for operating margins during a Bank of America Conference, causing a significant drop in the company’s market capitalization.

Faraday Future FFIE
Faraday Future’s stock surged, closing with a 31.96% gain at a price of $5.12. The stock’s intraday high was $5.45, and it touched a low of $3.84. Its 52-week range is between $105.6 and $3.38. The rise in the stock was observed during Wednesday’s regular session. Faraday Future’s stock traded at a volume of 12.8 million shares as of 13:30 EDT. This is 785.5% of its average full-day volume over the last 100 days. 

Amazon.com, Inc AMZN
Amazon’s stock witnessed a positive trend, closing with a 2.56% increase at $144.85. The stock achieved an intraday high of $144.98 and a low of $140.87, with its 52-week range being $144.98 to $81.43. The company is leveraging generative AI capabilities to enhance the shopping experience and streamline listing creation for its sellers.

American Airlines Group AAL
American Airlines’ stock took a hit, closing with a 5.67% decrease at $13.31. The stock reached an intraday high of $13.73 and a low of $13.2, with its 52-week range being $19.08 to $11.65. The company, along with Spirit Airlines, updated its 3Q23 financial and operational guidance due to a significant surge in fuel prices.

Tesla Inc TSLA
Tesla’s stock saw an upward trend, closing with a 1.43% gain at $271.3. The stock achieved an intraday high of $274.98 and a low of $268.1, with its 52-week range being $313.8 to $101.81. The rise can be attributed to the European Union’s announcement of an anti-subsidy investigation into Chinese EVs, which could potentially reduce competition for Tesla in the European market.

Photo by Pixels Hunter on Shutterstock

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