Nio, PayPal, Block, Tesla, Avinger: What You Need To Know About These Five Stocks Trending Today

U.S. stocks exhibited a positive trend as trading neared its end on Monday. The Dow Jones saw an uptick, settling at 34,624.30, while the NASDAQ reached 13,710.24. Notably, the S&P 500 also experienced a rise, marking a 0.01% increase to settle at 4,453.53.

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

NIO Inc. NIO
Shares of NIO declined by 1.15%, closing at $10.31. The stock’s intraday high was $10.47, with a low of $10.22. Over the past 52 weeks, NIO has seen a high of $20.96 and a low of $7. The company recently announced a proposed offering of $1 billion convertible senior notes. The offering is split into two parts, with $500 million due in 2029 and the remaining $500 million due in 2030. NIO intends to use the proceeds to repurchase existing debt securities and bolster its balance sheet.

PayPal Holdings PYPL
PayPal’s stock decreased by 1.98%, settling at $62.94. The stock reached an intraday high of $63.52 and a low of $62.75. Its 52-week high and low stand at $95.64 and $57.29, respectively. Analysts have provided varied ratings for PayPal, with an average price target of $87.25 over the last three months.

Block Inc. SQ
Block Inc.’s shares saw a decline of 3.01%, closing at $51.25. The stock’s intraday high was $52.81, with a low of $51.24. Its 52-week range is between $89.97 and $51.24. The company recently announced a CEO transition for its Square business, with Alyssa Henry set to depart and Jack Dorsey taking over the role.

Tesla Inc. TSLA
Tesla’s shares dropped by 3.32%, ending the day at $265.28. The stock’s intraday high was $271.44, with a low of $263.76. Over the past 52 weeks, Tesla has seen a high of $313.8 and a low of $101.81. Goldman Sachs recently cut its earnings estimates for Tesla, citing lower average selling prices and gross margins.

Avinger Inc. AVGR
Avinger’s stock surged by 46.97%, closing at $6.07. The stock reached an intraday high of $8.5 and a low of $5.67. Its 52-week high and low are $24.29 and $4.14, respectively. The company recently announced the full commercial launch of its Tigereye ST next-generation image-guided CTO crossing system.

Photo by Jirapong Manustrong on Shutterstock

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