Trending Stocks of the Day: GME, X, WBA, RGTI, TSLA
The stock market faced a decline on Monday as both the S&P 500 and Nasdaq Composite indices slipped from their recent highs. The S&P 500 dropped by 0.3%, while the Nasdaq Composite fell by 0.25%. However, it is worth noting that both indices had seen positive progress over the previous three weeks. The Dow Jones also experienced a downturn, losing over 150 points. Amid this backdrop, several stocks caught the eyes of retail traders and investors.
GameStop Corp. (GME)
GameStop's shares fell by 3.65%, finishing the day at $26.93. During trading, the stock peaked at $28.39 and dipped to a low of $26.85. The stock has a 52-week range of $64.83 to $9.95. The video game retailer's third-quarter net sales came in at $860.3 million, which was lower than last year's $1.08 billion and did not meet the analysts' expectations of $887.7 million.
United States Steel Corp. (X)
The stock of United States Steel took a significant hit, decreasing by 9.68% to close at $35.26. The day saw the stock trade as high as $39.05 and as low as $30.55, with a 52-week range between $50.20 and $26.92. This decline was attributed to reports that President Joe Biden intends to block the company's sale to Nippon Steel due to concerns over national security.
Walgreens Boots Alliance Inc. (WBA)
Walgreens saw its stock surge by 17.74%, closing at $10.42. The stock had an intraday high of $11.30 and a low of $8.54, operating within a 52-week range from $27.05 to $8.08. This dramatic increase followed reports of potential acquisition talks with Sycamore Partners, which could possibly take Walgreens private.
Rigetti Computing Inc. (RGTI)
Rigetti Computing's stock experienced an impressive rise, climbing by 45.19% to close at $6.49. It reached a high of $6.89 and a low of $4.28 during the day, with a 52-week range stretching from $6.89 to $0.66. The company's notable gain was driven by its advancements in AI-powered calibration in quantum computing, which greatly enhanced its capabilities.
Tesla Inc. (TSLA)
Tesla's shares increased by 2.87%, ending at $400.99. The stock reached an intraday high of $409.73 and a low of $390.85, with a 52-week range between $409.73 and $138.8. Tesla reported strong sales figures in China, marking it as their second best week of 2024 with 21,900 insurance registrations for the week ending December 8, although BYD led with 85,000 sales during that period.
This overview captures today's notable movements in the market, signaling key trends among investors and retailers.
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