At the close of trading on Monday, U.S. stocks closed on a positive note, with major indices showing gains. The Dow Jones Industrial Average increased by 0.5% to reach 40,211.72, reflecting optimism in the market. Similarly, the S&P 500 rose by 0.3% to settle at 5,631.22, while the Nasdaq Composite climbed 0.4% to end at 18,472.57, indicating broad-based strength across different sectors.
Throughout the trading session, several stocks captured the attention of retail traders and investors for their significant movements and underlying market dynamics:
Trump Media & Technology Group Corp (NASDAQ: DJT)
Trump Media’s stock surged by 31.37% during the day, closing at $40.58. It saw intraday fluctuations with a high of $46.27 and a low of $38.06. The stock’s 52-week range spans from a high of $79.38 to a low of $22.55. However, its after-hours trading witnessed a pullback following the company’s announcement of a prospectus filing for the resale of nearly 38 million shares of common stock, reflecting market reaction to the news.
Coinbase Global Inc (NASDAQ: COIN)
Coinbase’s stock gained 11.39% to finish at $242.85 by the market close. Throughout the day, it reached an intraday high of $247.50 and a low of $228, with its 52-week range showing highs and lows of $283.48 and $69.63, respectively. The increase in Coinbase’s stock price was primarily driven by the upward movement in Bitcoin (CRYPTO: BTC) prices, which surpassed the critical $63,000 mark, signaling positive sentiment among cryptocurrency investors.
Marathon Digital Holdings Inc (NASDAQ: MARA)
Marathon Digital saw its stock rise by 18.34%, closing at $24.58. It experienced intraday trading between a high of $24.98 and a low of $21.56, within a wider 52-week range of $34.09 (high) and $7.16 (low). The company’s stock performance closely mirrored the bullish trend in Bitcoin prices, as Marathon Digital is heavily involved in cryptocurrency mining operations, making it sensitive to fluctuations in digital asset prices.
Apple Inc (NASDAQ: AAPL)
Apple’s shares appreciated by 1.67%, ending the day at $234.40. Throughout trading hours, the stock reached a high of $237.23 and a low of $233.09, with its 52-week range spanning from highs of $237.23 to lows of $164.08. The increase in Apple’s stock price was bolstered by reports of the company achieving record-breaking annual sales nearing $8 billion in India, underscoring strong consumer demand and robust market performance in key global markets.
Tesla Inc (NASDAQ: TSLA)
Tesla’s stock closed with a gain of 1.78%, settling at $252.64. It traded within an intraday range of $265.60 (high) to $251.73 (low), with a broader 52-week range from highs of $299.29 to lows of $138.80. Elon Musk’s commitment to contribute $45 million monthly to a new super PAC supporting former President Trump’s potential 2024 presidential campaign also contributed to investor sentiment, influencing Tesla’s stock performance positively.
These stocks attracted significant attention due to their substantial price movements and the underlying factors influencing their respective sectors. Investor interest remains heightened as market participants continue to evaluate opportunities and risks amidst evolving economic conditions and corporate developments.