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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Tesla, Meta Platforms, Enphase Energy, Texas Instruments, Rivian: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
April 23, 2024

At the close of Tuesday’s trading session, key U.S. stock indices showed gains, with the Dow Jones Industrial Average climbing 0.7% to reach 38,503.69, the S&P 500 increasing by 1.2% to 5,070.55, and the Nasdaq also experiencing a rise of 1.6% to hit 15,969.64.

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

Tesla Inc. (NASDAQ:TSLA)

Tesla’s stock rose by 1.80%, closing at $144.61. The stock’s intraday high was $147.26, with a low of $141.11. The 52-week high and low are $299.29 and $138.80, respectively. The Elon Musk-led company reported first-quarter revenue of $21.0 billion, a 9% year-over-year decrease, missing the Street consensus estimate.

Meta Platforms Inc. (NASDAQ:META)

Meta Platforms saw a 2.92% increase, closing at $495.78. The intraday high and low were $498.76 and $488.97, respectively, with a 52-week range of $531.49 to $207.13. Analysts expect the company to report first-quarter revenue of $36.16 billion.

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Enphase Energy Inc. (NASDAQ:ENPH)

Enphase Energy’s stock rose by 2.62%, ending the day at $113.41. The intraday high was $116.1, and the low was $109.65. The 52-week high and low are $228.36 and $73.49, respectively. The company reported first-quarter revenue of $263.3 million, missing the consensus estimate.

Texas Instruments Inc. (NASDAQ:TXN)

Texas Instruments saw a 1.22% increase, closing at $165.42. The intraday high and low were $166.9 and $162.46, respectively, with a 52-week range of $188.12 to $139.48. The company reported first-quarter revenue of $3.66 billion, beating the consensus estimate.

Rivian Automotive Inc. (NASDAQ:RIVN)

Rivian Automotive’s stock rose by 2.84%, closing at $9.04. The stock’s intraday high was $9.24, with a low of $8.69. The 52-week high and low are $28.06 and $8.26, respectively. The company announced a discount of up to $5,000 on qualifying new R1 models when customers trade in select gas-powered vehicles.

Photo by Jirapong Manustrong on Shutterstock

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

Read Next: Elon Musk Reacts To Tesla’s Pricing Debate: ‘Only A Fool Thinks ….’


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