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GameStop, AMC, Alibaba, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
May 13, 2024

The major U.S. indices had a mixed performance on Monday. The Dow Jones Industrial Average fell by 0.2% to close at 39,431.51, and the S&P 500 declined by 0.02% to finish at 5,221.42. Conversely, the Nasdaq ended the day up nearly 0.3%, closing at 16,388.24.

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

GameStop Corp (NYSE:GME)

GameStop’s shares soared by a whopping 74.40% to close at $30.45. The stock hit an intraday high of $38.20 and a low of $24.77, with a 52-week range of $9.95 to $38.2. This surge can be traced back to a social media post from Keith Gill, best known as “Roaring Kitty” on YouTube and Reddit. After three years of silence, Gill’s post sparked a rally in heavily shorted stocks, leading to GameStop’s significant gain.

AMC Entertainment Holdings, Inc (NYSE:AMC)

AMC Entertainment’s stock climbed by 78.35% to close at $5.19. The shares reached an intraday high of $5.88 and a low of $3.16, with a 52-week range of $2.38 to $62.30. This surge was also influenced by the return of “Roaring Kitty” on social media, sparking questions about the resurgence of meme stocks.

See Also: Biden Chief Economic Advisor Promises Relief For Middle Class, Sets Sights On Overturning Corporate Tax C

Alibaba Group Holding Limited (NYSE:BABA)

Alibaba’s shares rose by 5.70% to close at $84.60. The stock hit an intraday high of $85 and a low of $82.60, with a 52-week range of $66.63 to $102.5. As the company prepares to release its earnings, Goldman Sachs analyst Ronald Keung highlighted key factors that could drive the share price.

Rivian Automotive, Inc. (NASDAQ:RIVN)

Rivian’s shares increased by 9.11% to close at $10.90. The stock reached an intraday high of $11.19 and a low of $10.03, with a 52-week range of $8.26 to $28.06. The company reported better-than-expected first-quarter revenue last week and maintained its 2024 production forecast of 57,000 units, leading to a rise in its stock.

Tesla Inc. (NASDAQ:TSLA)

Tesla’s shares rose by 2.03% to close at $171.89. The stock hit an intraday high of $175.4 and a low of $169, with a 52-week range of $138.80 to $299.29. The company recently received approval for a new megafactory project in China, which will be its second megafactory after the one in California.

Photo by WHYFRAME on Shutterstock

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