🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Tesla, Apple, AMC, Novavax, Rivian: Why These 5 Stocks Are Drawing Investors' Attention Today

Published 01/03/2023, 00:54
Updated 01/03/2023, 02:10
© Reuters.  Tesla, Apple, AMC, Novavax, Rivian: Why These 5 Stocks Are Drawing Investors' Attention Today
AAPL
-
TSLA
-
IXIC
-
NVAX
-
AMC
-
AAPL34
-

Benzinga - U.S. markets ended the last trading day of February in the red as investors and traders remained concerned about the Federal Reserve's future policy path. The Nasdaq Composite ended 0.1% lower while the S&P 500 lost 0.3%. The Dow Jones closed 0.71% lower on Tuesday. Meanwhile, the following are the five stocks that are drawing investors' attention:

1. Tesla Inc (NASDAQ:TSLA): Shares of Tesla ended 0.92% lower on Tuesday. The EV-maker will construct a new assembly plant in northern Mexico, reported Reuters, citing President Andres Manuel Lopez Obrador. The President said “the whole Tesla company” was coming to Mexico to construct a “very big” automotive plant, while also stating that potential investment in batteries was still pending, according to the report.

Also Read: Everything You Need To Know About Tesla Stock

2. Apple Inc (NASDAQ:AAPL): Shares of Apple closed 0.34% lower on Tuesday. EU antitrust regulators narrowed their case against the iPhone maker focusing on App Store rules that prevent developers from letting users know of other purchasing options, reported Reuters.

3. AMC Entertainment Holdings Inc (NYSE:AMC): Shares of AMC closed 6.05% lower on Tuesday and lost another 7.28% in extended trading. The company reported fourth-quarter revenue of $990.9 million, down 15.4% year-over-year. It reported a loss per share of 26 cents compared to a loss of 13 cents in the same period of the previous year.

4. Novavax Inc (NASDAQ:NVAX): Shares of the company closed 6.81% higher on Tuesday but lost another 25.81% in extended trading. Novavax said fourth-quarter revenue increased 61% year-over-year to $357 million, which missed average analyst estimates of $383.14 million, according to Benzinga Pro. The company cited uncertainties to say that “substantial doubt exists regarding our ability to continue as a going concern through one year from the date that these financial statements are issued.”

5. Rivian Automotive Inc (NASDAQ:RIVN): Shares of the company closed 4.61% higher on Tuesday but lost 9.64% in extended trading. Rivian reported fourth-quarter revenue of $663 million, which came in shy of a Street estimate of $742.4 million, according to data from Benzinga Pro.

Read Next: Here’s Why Monster Beverage Shares Are Falling

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.