Major U.S. indices closed higher on Wednesday, with the Dow Jones Industrial Average rising 0.29% to 52,658.64, the S&P 500 advancing 0.38% to 7,572.40, and the Nasdaq gaining 0.62% to finish at 26,269.22.
These are the top stocks that gained the attention of retail traders and investors through the day:
AST SpaceMobile Inc. (NASDAQ:ASTS)
AST SpaceMobile’s stock fell by 3.65%, closing at $66.31. During the day, it reached a high of $70.38 and a low of $64.59, with a 52-week range between $133.86 and $36.08. In the after-hours session, the stock fell 12.49% to $58.03.
The decline followed the company’s announcement of a $1 billion convertible senior notes offering, intended to fund growth and secure additional launch capacity for its space-based cellular broadband network.
PayPal Holdings Inc. (NASDAQ:PYPL)
PayPal surged 17.20%, closing at $55.52, with an intraday high of $55.88 and a low of $53.44. Its 52-week range spans from $79.50 to $38.46.
The jump was driven by reports of a $60.50 per share acquisition offer from Stripe and Advent International, valuing PayPal at approximately $53 billion. This bid represents a 28% premium over the previous day’s closing price.
Apple Inc. (NASDAQ:AAPL)
Apple’s stock climbed 4.01% to close at $327.50, reaching a new 52-week high of $328.73, with a low of $317.32. The stock’s previous 52-week range was between $328.73 and $201.50.
The rise came as Apple received regulatory approval from China’s cyberspace regulator for its on-device generative AI service, Apple Intelligence. The service will be powered by models from Alibaba and Baidu.
Micron Technology Inc. (NASDAQ:MU)
Micron Technology’s shares dropped 8.02%, ending the day at $904.28. The stock fluctuated between a high of $978.40 and a low of $873.63, with a 52-week range of $1255 to $103.38.
The decline occurred as investors took profits following a strong rally in semiconductor stocks, despite a generally positive market environment.
SanDisk Corp. (NASDAQ:SNDK)
SanDisk experienced an 8.12% drop, closing at $1,615. The stock’s intraday high was $1,729.50, with a low of $1,478.50, and its 52-week range extended from $2,354.39 to $40.10. The stock fell 2.48% to $1,575 in the after-hours session.
Sandisk shares fell as investors took profits after a strong multi-month rally, despite analysts remaining overwhelmingly bullish. Bank of America, Evercore ISI, Citigroup and Bernstein all reiterated positive ratings or raised price targets, citing tight NAND supply, resilient pricing and sustained AI-driven demand supporting the company’s long-term outlook.
Benzinga Edge Stock Rankings indicate SanDisk stock has a Momentum score in the 99th percentile and a Value score in the 5th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Iftekhar Emon on Shutterstock.com
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