Solowin Holdings, DocuSign, Block, Apple, Tesla: Why These 5 Stocks Are Trending Today

The stock market witnessed a subdued performance on Wednesday, with the Nasdaq marking its third consecutive session of losses. The Dow Jones wrapped up the day with a gain of approximately 57 points, settling at 34,500.73. Meanwhile, the S&P 500 and the Nasdaq Composite dropped by 0.32% and 0.89%, respectively.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Solowin Holdings Limited (NASDAQ:SWIN)
Solowin Holdings Limited saw an impressive surge of 52.00%, closing at $6.08. The stock reached an intraday high of $12.74 and a low of $4.1, with its 52-week range being the same. Solowin, an exempted limited liability company, recently announced its IPO on the NASDAQ exchange, offering shares between $4.00 and $6.00.

DocuSign Inc. (NASDAQ:DOCU)
DocuSign’s stock declined by 1.23%, closing at $52.13. The stock’s intraday high was $52.82, and it touched a low of $51.24. Its 52-week range is between $69.45 and $39.57. The company recently reported an 11% year-over-year increase in its second-quarter revenue, surpassing market expectations.

Block Inc. (NYSE:SQ)
Block Inc. experienced a drop of 2.78%, closing at $56.04. The stock’s intraday high and low were $56.5 and $55.14, respectively, with a 52-week range of $89.97 to $51.34. Analysts predict a potential slowdown in Block’s gross profit growth due to various market factors.

Apple Inc. (NASDAQ:AAPL)
Apple’s stock declined by 2.92%, closing at $177.56. The stock reached an intraday high of $178.21 and a low of $173.54. Its 52-week range is between $198.23 and $124.17. China’s recent ban on iPhones for government officials and affiliated entities could pose significant challenges for the tech giant in the upcoming quarters.

Tesla, Inc. (NASDAQ:TSLA)
Tesla’s stock saw a minor decline of 0.17%, closing at $251.49. The stock’s intraday high was $252.81, and it touched a low of $243.27. Its 52-week range is between $313.8 and $101.81. As Tesla gears up for the launch of its Cybertruck, analysts and investors are keenly observing the potential impact on the company’s stock.

Photo by Pixels Hunter on Shutterstock

Prepare for the day's trading with top premarket movers and news by Benzinga.