On Monday, the U.S. stock market saw a mixed performance, with the Dow Jones index edging higher by 0.12% to reach 38,769.66. However, both the NASDAQ and the S&P 500 indices experienced declines of 0.41% and 0.11%, respectively. Amidst this market activity, several stocks captured the attention of retail traders and investors. Here are the top five trending stocks of the day:
- The Boeing Company (NYSE:BA)
- Boeing shares declined by 3.02%, closing at $192.49. Throughout the day, the stock reached an intraday high of $196.07 and a low of $189.80. This drop came following reports of the Justice Department launching an investigation into the Alaska Airlines door blowout incident, with a grand jury convened as part of the criminal investigation.
- Oracle Corporation (NYSE:ORCL)
- Oracle shares were in focus, closing the day up by 1.52% at $114.13. The stock saw an intraday high of $114.75 and a low of $111.18. Investors are eagerly anticipating the company’s fiscal third-quarter financial results, particularly seeking updates on the demand for Oracle’s Cloud Infrastructure and Generative AI services.
- Meta Platforms Inc. (NASDAQ:META)
- Meta Platforms shares dropped by 4.42% to $483.59, with an intraday high of $497.32 and a low of $476. Former President Donald Trump targeted the company in a post on Truth Social, suggesting that Meta is the real enemy, not TikTok.
- Cassava Sciences, Inc. (NASDAQ:SAVA)
- Cassava Sciences shares fell by 1.81% to $18.44, with an intraday high of $19.19 and a low of $18.18. The company faces scrutiny over its Alzheimer’s candidate Simufilam, particularly after FDA inspectors flagged trial sample analyses conducted by an academic partner of Cassava, Hoau-Yan Wang, at a lab run by City University of New York.
- Tesla Inc. (NASDAQ:TSLA)
- Tesla shares rose by 1.39% to $177.77, with an intraday high of $182.87 and a low of $174.80. CEO Elon Musk teased new updates for Tesla drivers coming this month and the next.