Today's Top 5 Overvalued Stocks

By taking advantage of timing, you can position yourself for a massive windfall or avoid potential losses. Today we look at the top 5 overvalued stocks that analysts expect to drop in price.

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Beyond Meat, Viking Therapeutics, Novavax, Baidu, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
February 27, 2024

On Tuesday, the U.S. indices exhibited a varied performance, as the S&P 500 rose by nearly 0.2% to reach 5,078.18, while the Dow Jones Industrial Average dipped by 0.25% to settle at 38,972.41. Concurrently, the Nasdaq experienced a nearly 0.4% increase, reaching 16,035.30.

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

Beyond Meat Inc (NASDAQ:BYND) saw a significant uptick, closing up 0.94% at $7.52. The company reported fourth-quarter revenues of $73.7 million, beating consensus estimates despite a year-over-year decrease. The earnings miss and business reset were key topics of discussion.

Viking Therapeutics Inc (NASDAQ:VKTX) surged 121.02% to close at $85.05 after releasing promising Phase 2 data for its weight-loss drug VK2735. The study results showed significant reductions in body weight, marking a major milestone for the company.

Novavax Inc (NASDAQ:NVAX) increased by 9.45%, closing at $6.02. Investors are keenly awaiting the company’s quarterly earnings report, with expectations set for an EPS of $-0.50. The outlook and past performance are closely watched by market participants.

Baidu Inc (NASDAQ:BIDU) rose 1.60% to end at $112.36. The company is expected to report an EPS of $2.48 in its upcoming quarterly earnings. Analysts and investors are looking forward to positive guidance and growth forecasts.

Tesla Inc (NASDAQ:TSLA) saw a modest increase of 0.17%, closing at $199.73. Speculation about a mystery buyer supporting the stock price and comments from Jim Cramer have made headlines. The company’s performance and future prospects remain a hot topic among investors.

Photo by Jirapong Manustrong on Shutterstock

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