U.S. stocks showed a positive trend towards the end of trading, with the Nasdaq Composite climbing approximately 1% on Tuesday. The Dow Jones Industrial Average saw a modest increase, while the S&P 500 also experienced gains, reflecting a buoyant mood in the market.
The Nasdaq ended Tuesday 0.9% higher at 13,639.86, the S&P was up 0.28% at 4,378.38 and the Dow Jones rose 0.17% at 34,152.60.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Rivian Automotive, Inc. RIVN
Rivian’s stock performance was notable, closing at a 1.40% increase with a final price of $17.42. The day’s trading saw the stock reaching a high of $17.53 and a low of $16.76, with a 52-week range between $35.74 and $11.68. The electric automaker impressed with a strong Q3 earnings report, surpassing revenue estimates and raising its production guidance for the year.
Robinhood Markets, Inc. HOOD
Robinhood ended the day with a 1.77% increase, closing at $9.76 after fluctuating between $9.85 and $9.59. The stock’s 52-week high stands at $13.23, with a low of $7.57. Despite a mixed earnings report, the company beat EPS estimates and reported a rise in average revenue per user.
AMC Entertainment Holdings, Inc. AMC
AMC’s shares fell by 6.67%, closing at $10.22. The stock hit an intraday high of $11.03 and a low of $10.11, with a 52-week high of $91.5 and a low of $7.05. The cinema chain is bracing for its Q3 earnings report, which is expected to provide insight into its performance and future direction.
Occidental Petroleum Corporation OXY
Occidental Petroleum saw a decrease of 2.51% to close at $60.20. The trading day saw the stock reach a high of $61.01 and a low of $60.02, while its 52-week range is $75.78 to $55.51. The company’s earnings release reflected its status as a major energy player, with a focus on advancing lower-carbon technologies.
Tesla, Inc. TSLA
Tesla’s stock edged up by 1.33%, closing at $222.18. It saw an intraday peak of $223.12 and a dip to $215.72, with a 52-week high and low of $299.29 and $101.81, respectively. Despite strong weekly insurance registration data from China, the stock’s movement was tempered, reflecting broader market trends and future pricing strategies.
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