TSLA - Carvana ARM Ford MGM Resorts Tesla: Why These Five Stocks Are Trending Today | Benzinga
U.S. stocks ended Thursday in the green. The Dow Jones rose by over 330 points or 0.96% to 34,907.11. The NASDAQ and the S&P 500 also witnessed a rise, with the former increasing by 0.81% to 13,926.05 and the latter gaining 0.84% to 4,505.10. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Carvana Co (NYSE:CVNA)
Carvana shares surged by 13.47%, closing at $55.86. The stock’s intraday high and low were $56.8 and $49.44, respectively, with a 52-week range of $57.19 to $3.55. Amid the looming UAW strike deadline, a potential disruption in new vehicle production could lead consumers to the used car market, benefiting Carvana. Evercore ISI analyst Chris McNally highlighted the high probability of a UAW strike, emphasizing the potential impact on vehicle prices and the broader economy.
ARM Holdings plc (NASDAQ:ARM)
ARM Holdings witnessed a significant rise of 24.69%, closing at $63.59. The stock’s intraday high and low stood at $66.28 and $55.54, respectively, with both figures also representing its 52-week range. The company’s U.S. stock market debut came after the anticipated Nvidia Corp acquisition faced regulatory challenges. CEO Rene Haas ...