Tesla, RH, Rumble, Stem, Viking Therapeutics: Why These 5 Stocks Are Drawing Investors' Attention Today

Major Wall Street indices closed at least 1% higher on Wednesday, led by upbeat outlook by companies including Micron Technology Inc. (NASDAQ:MU) that eased investor concerns about the economy.

Micron President and CEO Sanjay Mehrotra told analysts on an earnings call that the memory chip industry would witness a record 2025 in terms of market size, according to a Reuters report.

Meanwhile, following are the five stocks that are drawing investors' attention:

1. Tesla Inc (NASDAQ:TSLA): Shares of the company closed 2.48% higher on Wednesday in line with the broader market move. The EV-maker is scheduled to report its first-quarter deliveries number this weekend. Market participants would be eyeing whether the recent price cuts across geographies have helped boost volumes.

Also Read: Everything You Need to Know About Tesla Stock

2. RH (NYSE:RH): Shares of the company closed 1.83% higher but lost 5.38% in extended trading. The company reported Q4 revenue of $772.5 million that missed an analysts' estimate of $779.75 million. Its Q4 earnings per share stood at $2.88, missing analysts' estimate of $3.34.

3. Rumble Inc (NASDAQ:RUM): Shares of Rumble closed 4.8% higher on Wednesday. The video-sharing platform announced measures to support creators and grab market share from other platforms. Rumble said that for the rest of the year, creators will receive 100% of the revenue from the purchase of monthly subscription badges, which Rumble recently launched for the price of $5 per month.

4. Stem Inc (NYSE:STEM): Shares of the company closed 10.42% lower on Wednesday after the company announced plans to raise funds through a $175 million green convertible senior notes offering. Stem said it intends to use the funds to retire a portion of its bonds issued earlier and also for general corporate purposes.

5. Viking Therapeutics Inc (NASDAQ:VKTX): Shares of the company closed 3.17% higher on Wednesday but lost 3.08% in extended trading. The company announced a share sale offering and said it intends to use the proceeds for the development of some of its programs coupled with general research and other corporate purposes.

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