U.S. stocks traded lower toward the end of trading, with the S&P 500 falling more than 1.3% on Wednesday to 4,314.60. The Dow traded down 0.98% to 33,665.08 while the NASDAQ fell 1.62% to 13,314.30.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc TSLA closed the day at -4.78%, with a price of $242.68, after hitting an intraday high of $254.63 and a low of $242.08. The electric vehicle giant reported a revenue miss in its third-quarter financial results, attributing the fluctuations to growth in vehicle deliveries and other business lines. The anticipated Cybertruck launch is set for November 2023.
Netflix Inc NFLX ended the day at -2.68%, priced at $346.19, peaking at $354.79 and bottoming at $344.73 during the day. The company reported a 7.8% year-over-year increase in third-quarter revenue, beating estimates due to higher-than-expected member growth and the ongoing expansion of streaming globally.
American Airlines Group Inc AAL saw a decline of -4.86%, closing at $11.36 after reaching an intraday high of $11.74 and a low of $11.22. The airline’s stock was affected by uncertain guidance from United Airlines Holdings Inc UAL, leading to a selloff in the stock.
Nvidia Corp NVDA closed at -3.96%, with a price of $421.96, after reaching an intraday high of $432.19 and a low of $418.25. The company is engaged in multiple endeavors to boost its revenue stream, including a partnership with iPhone Maker partner, Hon Hai Precision Industry Co Ltd HNHPF, to develop AI-powered electric vehicle and robotics platforms. However, Wall Street analysts estimate a near-term to long-term impact on Nvidia due to the additional U.S. embargo on China.
Roku Inc ROKU plummeted -9.25%, closing at $62.1 after hitting an intraday high of $66.8 and a low of $62.02. The company’s stock slid after a Wall Street analyst warned of continued softness in the ad market, impacting the company’s earnings through the end of the year, according to a Yahoo Finance report.
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