US Steel, Marathon Digital, Amazon, Nio, Tesla: Why These 5 Stocks Are On Investors' Radars Today

As the week leading to Christmas begins, Wall Street continues its upward trajectory, with major indices like the S&P 500 and Nasdaq 100 showing gains on Monday. The S&P 500 rose 0.45% to 4,740, while Nasdaq gained 0.62% to 14,905.19 for the day.

Transitioning from the broader market, let’s focus on individual stocks that have captured the attention of retail traders and investors throughout the day.

United States Steel Corp X

Shares of U.S. Steel surged by approximately 26.09%, closing at $49.59. The stock reached an intraday high of $50.2 and a low of $49.24, with a 52-week range of $20.4 to $50.2. The steel giant’s shares soared following its acquisition by Nippon Steel Corp for $14.1 billion. This acquisition is a significant move in the steel industry, enhancing Nippon’s manufacturing capabilities and expanding its global footprint.

Marathon Digital Holdings Inc MARA

Marathon Digital Holdings saw an 8.69% increase in its stock, closing at $19.88. The stock hit a daily high of $20.09 and a low of $17.66, with a 52-week range of $3.11 to $20.09. The company, a key player in the evolving digital asset landscape, is benefiting from the shift towards compliant digital assets and regulatory clarity. However, earlier in the pre-market session Marathon shares saw a decline amid a fall in Bitcoin BTC/USD prices. At the time of publishing, the apex cryptocurrency had recovered and was seen up nearly 5.6% at $44,276.95.

Amazon.com Inc AMZN

Amazon’s stock rose by 2.73%, closing at $154.07. The stock’s intraday high was $154.85, with a low of $150.05, and a 52-week range of $81.43 to $154.85. The e-commerce giant is enhancing its sports media portfolio, potentially striking a deal with Diamond Sports to bring MLB, NBA, and NHL games to Prime Video, further expanding its streaming content offerings.

NIO Inc NIO

NIO’s shares increased by 4.77%, closing at $8.35. The stock reached a high of $8.64 and a low of $8.23, with a 52-week range of $7 to $16.18. The China-based EV maker announced a strategic equity investment from CYVN Holdings, boosting investor confidence in its future growth and sustainability.

Tesla Inc TSLA

Tesla’s stock experienced a slight decline of 0.56%, closing at $252.08. The stock’s intraday high was $258.74, with a low of $251.36, and a 52-week range of $101.81 to $299.29. Despite the slight drop, Tesla is making strategic moves, such as increasing wages at its Nevada Gigafactory, which could impact its labor relations and overall market performance.

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