Tesla, DWAC, Rumble, IONQ, Metropolitan Bank: Why These 5 Stocks Are Drawing Investors' Attention Today

Zinger Key Points
  • Tesla is reportedly looking to build a new U.S. plant in arrangement with China’s CATL.
  • Rumble’s fourth-quarter revenue increased 579% year-over-year to $20 million, which beat consensus estimates of $10.18 million.
  • IonQ said it recognized revenue of $3.8 million for the fourth quarter, compared to $1.6 million in the prior year period.

Major Wall Street indices closed in the green on Thursday, led by gains in technology stocks. However, the Joe Biden-administration's proposal for stricter rules for mid-size banks pulled banking stocks down. Investors also weighed in the release of the U.S. fourth-quarter GDP growth that stood slightly lower at 2.6% against prior estimates of 2.7%.

Meanwhile, following are the five stocks that are drawing investors' attention:

1. Tesla Inc TSLA: Shares of Tesla closed 0.72% higher on Thursday. The EV-maker is looking to build a new U.S. plant in arrangement with China's Contemporary Amperex Technology Co. Ltd., reported Bloomberg, citing sources. Tesla has discussed plans with White House officials, the report added.

Also Read: Everything You Need to Know About Tesla Stock

2. Digital World Acquisition Corp DWAC: Shares of the blank check company, which is expected to merge with Former U.S. President Donald Trump's social media firm, gained 11.87% in extended trading. Trump has been indicted by a Manhattan grand jury for his alleged role in committing a crime, according to The Washington Post.

3. Rumble Inc RUM: Shares of the company gained over 16% in extended trading. Rumble's fourth-quarter revenue increased 579% year-over-year to $20 million, which beat consensus estimates of $10.18 million, according to Benzinga Pro data. Average global monthly active users grew to 80 million, up 142% on a year-over-year basis.

4. IONQ Inc IONQ: Shares of the company gained over 6% in extended trading. IonQ said it recognized revenue of $3.8 million for the fourth quarter, compared to $1.6 million in the prior year period. Net loss stood at $18.6 million in the fourth quarter, compared to $74.1 million in the prior year period.

5. Metropolitan Bank Holding Corp MCB: Shares of the company closed 27.58% lower but gained 19.87% in extended trading. Investors and traders are weighing in a Vidar Research Substack titled “Metropolitan Commercial Bank Is A Mixed Bag Of Problems,” that talks about some of the issues at the bank.

Read Next: Janet Yellen Urges Additional Banking Sector Reforms To Ensure Financial Stability

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Posted In: NewsMarketsBanking crisisCATLDonald Trumpelectric vehiclesJoe Biden
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