Dutch Bros, Robinhood, AppLovin Corp, Reddit, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, U.S. stocks experienced a downturn, with the Dow Jones Industrial Average dropping 225 points to 44,368.56. The Nasdaq Composite saw a marginal increase of 0.03%, settling at 19,649.95, while the S&P 500 fell by 0.3% to 6,051.97. The Consumer Price Index rose to 3% year-over-year, surpassing expectations, which contributed to the market’s overall performance.

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

Dutch Bros Inc. (NYSE:BROS)

Shares of Dutch Bros closed at $64.71, marking a 0.78% increase. The stock reached an intraday high of $64.98 and a low of $62.11, with a 52-week range of $26.32 to $68.47. Dutch Bros. stock shot up nearly 25% to $80.79 in the after-hours trading.

The coffee chain’s stock surged following the release of its fourth-quarter earnings, which reported a profit of 7 cents per share, surpassing the consensus estimate of 2 cents. Revenue for the quarter was $342.8 million, exceeding expectations and reflecting significant growth from the previous year.

Robinhood Markets (NASDAQ:HOOD)

Robinhood saw a 4.82% rise, closing at $55.91. The stock’s intraday high was $56.74, with a low of $52.65, and it has traded between $11.43 and $57.27 over the past year. In after-hours trading, Robinhood stock shot up over 15% to $64.47. The company reported record revenue in its fourth-quarter earnings, with a notable increase in cryptocurrency revenue, which soared by over 700% to $358 million.

AppLovin Corp (NASDAQ:APP)

AppLovin’s stock climbed 1.35% to close at $380.32. The stock hit an intraday high of $390.21 and a low of $372, with a 52-week range of $45.12 to $417.64. The stock rocketed 29% to $490.75 in the after-hours trading. The company’s fourth-quarter results exceeded expectations, with revenue reaching $1.37 billion and earnings per share at $1.73, both beating analyst estimates.

Reddit Inc. (NYSE:RDDT)

Reddit experienced a 1.27% increase, closing at $216.47. The stock’s intraday high was $220.75, with a low of $211, and it has traded between $37.35 and $230.41 over the past year. In after-hours trading, the stock fell sharply by over 13% to $187.80. The company’s fourth-quarter earnings exceeded expectations, although user growth showed signs of slowing.

Tesla Inc. (NASDAQ:TSLA)

Tesla shares rose by 2.44%, closing at $336.51. The stock’s intraday high was $346.4, with a low of $329.12, and a 52-week range of $138.8 to $488.54. The electric vehicle maker’s stock gained momentum after an analyst highlighted growth opportunities in autonomous vehicles, robotics, and energy solutions.

Photo Courtesy: Shutterstock

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

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal