Apple, GameStock, Paramount Global, Oracle, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, major U.S. indices showed mixed results. The Dow Jones Industrial Average closed down 0.3% at 38,747.42, while the S&P 500 rose by 0.3% to 5,375.32. The NASDAQ finished the day with a gain of nearly 0.9%, reaching 17,343.55.

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

Apple Inc. (NASDAQ:AAPL)

Apple shares soared, closing up 7.26% at $207.15 after reaching an intraday high of $207.16 and bouncing between $193.63 and $207.16. The stock also touched a new 52-week high, surpassing the previous range of $164.08 to $207.16. The surge came after DA Davidson upgraded the stock from Neutral to Buy, with a raised price target of $230, following AI advancements announced at the Worldwide Developers Conference.

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GameStop Corp. (NYSE:GME)

GameStop’s stock jumped 22.80% to close at $30.49, after peaking at $30.92 and dipping to a low of $22.79, against a 52-week range of $9.95 to $64.83. The company’s shares climbed following the completion of its at-the-market equity offering program, amassing approximately $2.137 billion in gross proceeds intended for general corporate purposes.

Paramount Global (NASDAQ:PARA)

Paramount Global shares tumbled 7.85% to $11.04, with the day’s trading confined between $10.65 and $12.4. The stock’s 52-week range is $10.12 to $17.5. The decline came as merger talks with Skydance Media were reportedly abandoned, thwarting a deal that could have combined Paramount’s extensive media assets with Skydance’s film production capabilities.

Oracle Corporation (NYSE:ORCL)

Oracle’s stock experienced a slight dip of 0.50%, closing at $123.88 within an intraday range of $122.29 to $124.83. The 52-week range for the stock is $99.26 to $132.77. Despite missing fourth-quarter earnings expectations, Oracle’s shares remained resilient, buoyed by strong cloud revenue growth and strategic partnerships in the AI space, including one contract with ChatGPT parent OpenAI.

Tesla Inc. (NASDAQ:TSLA)

Tesla shares declined 1.80% to end at $170.66, fluctuating between $167.41 and $174.75 throughout the day, while the 52-week range stands at $138.8 to $299.29. The drop occurred ahead of the company’s annual shareholder meeting, with a contentious proposal regarding CEO Elon Musk’s 2018 pay package on the agenda, which has garnered a split opinion among investors.

Photo by Phongphan on Shutterstock

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal