Top 5 Trending Stocks: NKE, FDX, BB, RGTI, TSLA

On Thursday, the major U.S. indices finished the day with mixed results. The Dow Jones Industrial Average increased slightly by 0.04%, while the S&P 500 and the tech-heavy NASDAQ experienced minor declines of 0.09% and 0.1% respectively.

Here are the top five trending stocks that caught the eye of retail traders and investors today.

Nike Inc. (NKE)

Nike's shares rose by 0.26%, closing at $77.10. The stock's performance included an intraday high of $77.94 and a low of $76.43, with a 52-week trading range between $123.39 and $70.75. Recently, Nike disclosed its second-quarter earnings, reporting revenues of $12.35 billion, which surpassed analysts' expectations of $12.13 billion. The company also reported earnings per share of 78 cents, exceeding the anticipated 65 cents. Though the year-over-year revenue showed a decline, Nike demonstrated impressive resilience.

FedEx Corp. (FDX)

FedEx saw its stock increase by 1.00%, closing at $275.88. The shares reached an intraday high of $278.48 and a low of $273.19, trading within a range of $313.84 to $234.45 over the past year. FedEx reported stronger-than-expected second-quarter earnings of $4.05 per share, beating the consensus estimate of $3.91. However, the company's revenue for this period was $22 billion, falling short due to weaker performance in FedEx Freight.

BlackBerry Ltd. (BB)

BlackBerry's stock fell by 1.00%, closing at $2.98. The stock recorded an intraday high of $3.08 and a low of $2.96, with a 52-week range extending from $4.27 to $2.01. In its third-quarter earnings report, BlackBerry announced revenues of $162 million, with adjusted earnings of two cents per share, which exceeded expectations. Despite these positive results, a soft guidance prevented significant stock growth.

Rigetti Computing Inc. (RGTI)

Rigetti's stock experienced a dramatic decline of 30.12%, closing at $7.47. The shares reached an intraday high of $10.18 and a low of $6.75, with a 52-week range varying from $12.75 to $0.66. The stock exhibited major volatility, including a surge of 52.95% earlier on Thursday, following the announcement of Google's new Willow quantum chip. Analysts have advised caution despite the gains.

Tesla Inc. (TSLA)

Tesla's stock fell by 0.90%, ending the day at $436.17. Its intraday performance included a high of $456.36 and a low of $420.02, with a 52-week range from $488.54 to $138.80. Notably, Tesla's electric vehicle registrations in Europe dropped by 41% in November, raising concerns about the company's ability to achieve its global delivery targets for EVs.

Investors and analysts will continue to monitor these trending stocks closely, as market conditions shift and earnings reports come in.

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