Netflix, Faraday Future, Amazon, American Airlines, Tesla: Five Stocks Trending Among Investors Today

U.S. stocks showcased a mixed performance as trading neared its end on Wednesday. The Dow Jones experienced a dip, falling by 70 points or 0.2% to settle at 34,575.53. In contrast, the NASDAQ exhibited a slight uptick, rising by 0.29% to 13,813.59. The S&P 500 also displayed a marginal gain, increasing by 0.12% to 4,467.44.

This fluctuation in the market was influenced by the inflation rate in the U.S., which saw a rise for the second consecutive month, reaching 3.7% in August. This was up from 3.2% in the previous month and surpassed market estimates of 3.6%. Furthermore, consumer prices witnessed a 0.6% increase month-over-month in August, following a 0.2% growth in July.

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

Netflix Inc. (NASDAQ:NFLX)
Shares of Netflix experienced a decline, closing at a 5.16% loss with a price of $412.24. The stock reached an intraday high of $438.4 and a low of $410.69, with its 52-week range being $485 to $211.73. This tumble was attributed to the company’s CFO, Spencer Neumann, who offered a subdued forecast for operating margins during a Bank of America Conference, causing a significant drop in the company’s market capitalization.

Faraday Future (NASDAQ:FFIE)
Faraday Future’s stock surged, closing with a 31.96% gain at a price of $5.12. The stock’s intraday high was $5.45, and it touched a low of $3.84. Its 52-week range is between $105.6 and $3.38. The rise in the stock was observed during Wednesday’s regular session. Faraday Future’s stock traded at a volume of 12.8 million shares as of 13:30 EDT. This is 785.5% of its average full-day volume over the last 100 days. 

Amazon.com, Inc (NASDAQ:AMZN)
Amazon’s stock witnessed a positive trend, closing with a 2.56% increase at $144.85. The stock achieved an intraday high of $144.98 and a low of $140.87, with its 52-week range being $144.98 to $81.43. The company is leveraging generative AI capabilities to enhance the shopping experience and streamline listing creation for its sellers.

American Airlines Group (NASDAQ:AAL)
American Airlines’ stock took a hit, closing with a 5.67% decrease at $13.31. The stock reached an intraday high of $13.73 and a low of $13.2, with its 52-week range being $19.08 to $11.65. The company, along with Spirit Airlines, updated its 3Q23 financial and operational guidance due to a significant surge in fuel prices.

Tesla Inc (NASDAQ:TSLA)
Tesla’s stock saw an upward trend, closing with a 1.43% gain at $271.3. The stock achieved an intraday high of $274.98 and a low of $268.1, with its 52-week range being $313.8 to $101.81. The rise can be attributed to the European Union’s announcement of an anti-subsidy investigation into Chinese EVs, which could potentially reduce competition for Tesla in the European market.

Photo by Pixels Hunter on Shutterstock

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