Lucid, Amazon, Teladoc, SoFi, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks experienced a downturn towards the end of trading, with the Dow Jones plummeting around 370 points on Thursday. The Dow saw a decrease of 1.08%, settling at 34,070.42, while the NASDAQ experienced a 1.82% drop, landing at 13,223.99. Similarly, the S&P 500 also faced a decline, dropping 1.64% to 4,330. This decline in major indices reflects the broader market sentiment and economic factors influencing investor decisions.

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

Lucid Group, Inc. LCID
Lucid Group’s shares traded lower, with a closing percentage change of -5.14%, settling at $5.17. The stock reached an intraday high of $5.37 and a low of $5.17, with a 52-week range between $17.81 and $5.17. Recent reports suggest that Lucid Motors has been under the spotlight of both retail investors and short-sellers. The ongoing UAW strike against major automakers like Ford Motor Company and General Motors Company has led some to believe that smaller EV manufacturers like Lucid could benefit from the disruptions faced by the Big Three.

Amazon.com, Inc. AMZN
Amazon’s shares saw a decline, closing at -4.41% and a price of $129.33. The stock’s intraday high and low were $132.24 and $129.31, respectively, with its 52-week range being $145.86 and $81.43. Amidst overall market weakness, concerns about future rate hikes and the impact of jobless claims data have affected Amazon’s stock. Given that Amazon’s revenue is heavily reliant on consumer spending, concerns about the labor market can influence investor sentiment.

Teladoc Health, Inc. TDOC
Teladoc’s stock performance for the day saw a decline of -5.80%, closing at $19.31. The stock’s intraday high was $20.15, with a low of $19.26. Its 52-week range stands between $34.73 and $19.26. Recent options activity indicates a bullish sentiment for Teladoc, with a notable call option trade expiring in 2026.

SoFi Technologies Inc SOFI
SoFi Technologies’ shares traded at a decline of -4.45%, closing at $7.95. The stock reached an intraday high of $8.15 and a low of $7.91. Its 52-week range is between $11.7 and $4.24. Recent developments highlight concerns about future rate hikes and their potential impact on SoFi’s lending and borrowing activities, which could affect its profitability.

Tesla, Inc. TSLA
Tesla’s shares experienced a decline of -2.62%, settling at $255.7. The stock’s intraday high and low were $260.86 and $254.21, respectively, with a 52-week range of $301.29 and $101.81. Recent insights reveal a pause in production at Tesla’s Giga Texas factory, potentially affecting its quarterly push. However, analysts suggest that this pause shouldn’t alarm investors as it was previously communicated by Tesla’s CEO, Elon Musk.

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