Meta Platforms, Trump Media, Fubo, Enovix Corp, Tesla: Why These 5 Stocks Are On Investors’ Radars Today

The U.S. stock market saw an upward trend today, with significant gains across the S&P 500 and the Nasdaq. The tech-heavy Nasdaq Composite climbed over 240 points, marking a 1.2% increase to close at 19,864.98. The S&P 500 also experienced a rise, gaining 0.55% to end at 5,975.38. Meanwhile, the Dow Jones Industrial Average declined slightly by 0.06% to 42,706.56.

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

Meta Platforms Inc. META

Meta’s stock surged by 4.23%, closing at $630.20. The stock reached an intraday high of $630.99 and a low of $605.62, with a 52-week range of $352.05 to $638.40. The rise comes as UFC CEO  Dana White joined Meta’s board of directors. Previously, White had attempted to organize a charity cage fight between Elon Musk and Mark Zuckerberg.

Trump Media & Technology Group Corp. DJT

Trump Media’s shares rose by 4.48%, closing at $36.17. The stock hit an intraday high of $36.70 and a low of $35.08, with a 52-week range of $22.55 to $79.38. The increase follows news of the confirmation of Donald Trump by Congress on Monday. His principal rival during the election, Kamala Harris, presided over the congressional session.

FuboTV Inc. FUBO

FuboTV’s shares skyrocketed by 253.85%, closing at $5.06. The stock reached an intraday high of $5.30 and a low of $3.05, with a 52-week range of $1.10 to $5.30. This dramatic rise follows the announcement of a merger with Disney’s Hulu + Live TV. The combined entity will be majority-owned by Disney, holding 70% of the venture.

Enovix Corp. ENVX

Enovix’s stock fell by 1.58%, closing at $12.46. The stock saw an intraday high of $13.03 and a low of $12.20, with a 52-week range of $5.70 to $18.68. The decline comes despite the completion of site acceptance testing for its Fab2 manufacturing line in Malaysia. The company plans to start mass production later this year.

Tesla Inc. TSLA

Tesla’s stock edged up by 0.15%, closing at $411.05. The stock reached an intraday high of $426.43 and a low of $401.70, with a 52-week range of $138.80 to $488.54. Analyst Stephen Gengaro has raised the price target for Tesla, citing the potential for robust multi-year growth due to upcoming vehicle models and Full Self-Driving licensing opportunities.

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