Skip to main content

Market Overview

Meta, Microsoft, Robinhood, Super Micro, And Coinbase: Why These 5 Stocks Are On Investors' Radars Today

Share:
Meta, Microsoft, Robinhood, Super Micro, And Coinbase: Why These 5 Stocks Are On Investors' Radars Today

U.S. stock indices closed lower on Wednesday, as the Dow Jones Industrial Average slipped 0.2% to 42,141.54, while the S&P 500 edged down 0.3% to 5,813.67. The Nasdaq saw a steeper decline, falling nearly 0.6% to 18,607.93.

The U.S. economy expanded by 2.8% in the third quarter, missing expectations of 3% growth, while the ADP report showed a strong October increase in private payrolls with 233,000 jobs added, well above forecasts.

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

Meta Platforms Inc. (NASDAQ:META) closed the day with a slight decrease of 0.25% at $591.8. The stock hit an intraday high of $601.2 and a low of $589.38. Its 52-week range is $296.86 to $602.95. Meta reported third-quarter revenue of $40.59 billion, surpassing analyst estimates of $40.29 billion. The company also reported adjusted earnings of $6.03 per share, beating analyst estimates of $5.25 per share.

Microsoft Corporation (NASDAQ:MSFT) saw a marginal increase of 0.13%, closing at $432.53. The stock’s intraday high and low were $438.5 and $432.1, respectively, with a 52-week range between $334.69 and $468.35. Microsoft reported a first-quarter revenue of $65.60 billion, up 16% year-over-year, beating the Street consensus estimate of $64.51 billion.

See Also: Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet ‘Leaning Into The Living Room Experience’

Robinhood Markets Inc. (NASDAQ:HOOD) ended the day with a 0.64% increase at $28.21. The stock reached an intraday high of $28.58 and a low of $27.55. Its 52-week range is $7.91 to $28.58. Robinhood reported quarterly earnings of 17 cents per share, meeting the analyst consensus estimate. However, its quarterly revenue of $637 million missed the analyst consensus estimate of $650.67 million.

Super Micro Computer Inc. (NASDAQ:SMCI) plunged 32.68% to close at $33.07. The stock’s intraday high was $38, and it hit a low of $32.2. Its 52-week range is $22.66 to $122.9. Super Micro Computer's shares plunged after its auditor, Ernst & Young, resigned, citing governance, transparency, and ethical concerns. In response, Super Micro's board appointed a special committee to investigate the issues raised.

Coinbase Global Inc. (NASDAQ:COIN) closed down 3.61% at $211.74. The stock’s intraday high and low were $220.46 and $209.47, respectively, with a 52-week range of $73.56 to $283.48. The cryptocurrency exchange that allows users to trade in digital assets like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) reported third-quarter revenue of $1.21 billion, missing the Street consensus estimate of $1.26 billion.

Image via Shutterstock

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

Read Next:

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

 

Related Articles (BTC)

View Comments and Join the Discussion!

Posted-In: Coinbase Global Inc Meta Meta Platforms Inc Microsoft RobinhoodEquities News Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com