Major U.S. indices closed mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.15% to 48,463.72, while the S&P 500 rose 0.8% to 7,022.95 and the Nasdaq jumped 1.6% to 24,016.01.
These are the top stocks that gained the attention of retail traders and investors through the day:
Allbirds Inc. (NASDAQ:BIRD)
Allbirds saw a remarkable increase of 582.33%, closing at $16.99. The stock reached an intraday high of $24.31 and a low of $6.11, with a 52-week range between $24.31 and $2.15. In the after-hours trading, the stock fell 24.66% to $12.80.
The company’s pivot from sneakers to AI, branded as “NewBird AI,” has captivated investors. This transition involves selling its footwear assets for $39 million and investing in AI infrastructure with a $50 million financing facility.
Hims & Hers Health Inc. (NYSE:HIMS)
Hims & Hers Health stock experienced a 13.72% rise, closing at $24.29. The stock fluctuated between $24.70 and $21.28 during the day, with a 52-week high of $70.43 and a low of $13.74. In the after-hours trading, the stock rose 10.25% to $26.78.
Analyst Allen Lutz maintained a Neutral rating but reduced the price target to $21, citing potential margin pressures from a shift to branded GLP-1s and growing international revenue, according to a recent report.
Microsoft Corp. (NASDAQ:MSFT)
Microsoft shares climbed 4.63%, closing at $411.22. The stock’s intraday high was $414.37, with a low of $396.73, and it has a 52-week range of $555.45 to $355.67. In extended trading, the stock rose 1.16% to $415.98.
The tech giant’s shares rose amid a Nasdaq-led risk-on session, bolstered by a competitive AI-software landscape and new add-ins for Word and Teams.
Xanadu Quantum Technologies Inc. (NASDAQ:XNDU)
Xanadu Quantum Technologies Inc. surged 69.79%, closing at $25.18. The stock hit a high of $28.25 and a low of $16.15, with a 52-week high of $28.25 and a low of $6.97. The stock rose 8.42% to $27.30 in the after-hours session.
Xanadu Quantum Technologies shares surged after Nvidia unveiled "Ising," the first open-source AI model family designed for quantum computing, sparking a broader sector rally. Nvidia said the models improve error correction with 3x higher accuracy and up to 2.5x faster decoding than current standards.
Tesla Inc. (NASDAQ:TSLA)
Tesla stock rose by 7.63%, closing at $391.95. The stock’s high was $394.65, with a low of $362.50, and it has a 52-week range of $498.83 to $222.79.
Analyst Itay Michaeli maintained a bullish outlook, adjusting the price target to $490. The stock benefited from a strong Consumer Discretionary sector, which was the top-performing sector today.
Benzinga Edge Stock Rankings show AllBirds stock doesn’t check out on Short, Medium And Long Price Trends.
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
Photo Courtesy: abunuh051992 on Shutterstock.com
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