Trump-Linked Blank Check Firm Digital World, Alibaba, Nio, Star Bulk Carriers, Tesla — Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks exhibited a mixed performance towards the market’s close Monday, with the Dow Jones Industrial Average edging up by approximately 50 points. The Dow’s rise by 0.16% to 34,337.33 contrasted with a slight decline in the NASDAQ Composite, which fell 0.22% to 13,767.74. The S&P 500 mirrored this tepid movement, dropping marginally by 0.08% to 4,411.55.

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

Digital World Acquisition Corp. DWAC

Today, DWAC saw a slight increase of 0.26% closing at $15.18, with an intraday high of $15.34 and a low of $14.75. The stock’s performance ranged between a 52-week high of $28.85 and a low of $12.34. Digital World made headlines with its amended filing, a step towards merging with Trump Media & Technology Group, which is behind the Truth Social app, which is associated with former President Donald Trump.

Alibaba Group Holding Limited BABA

Alibaba’s shares dipped by 0.59% to close at $82.26, after fluctuating between $83.32 and $82.08 throughout the day. The company’s year-long trajectory saw highs of $121.3 and lows of $71.32. In the face of economic headwinds, Alibaba and its peers navigated the Singles Day event with strategic discounting to spur consumer spending.

NIO Inc. NIO

NIO’s stock closed down 0.28% at $7.22, with an intraday peak of $7.43 and a low of $7.11, while its 52-week range stood between $16.18 and $7.00. The company welcomed a new independent director, enhancing its board’s expertise in technology and sustainability, which is critical as NIO continues to expand its vehicle delivery and technological footprint.

Star Bulk Carriers Corp. SBLK

Star Bulk’s performance today reflected a modest uptick of 0.65%, closing at $18.52. The stock’s daily high was $18.58 with a low of $18.19, and it has seen a 52-week high of $25.03 and a low of $16.57. The company reported a robust net income of $43.7 million for the quarter and declared a dividend of $0.22 per share, signaling a strong position despite market volatility.

Tesla, Inc. TSLA

Tesla’s stock surged by 4.22% to close at $223.71, reaching an intraday high of $225.40 and a low of $211.61. The electric car giant’s stock has been between a 52-week high of $299.29 and a low of $101.81. Tesla’s market movements were significant as the company continues to innovate in the electric vehicle space, with reports that India is mulling tax cuts for EV imports.

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