DWAC, AMD, BABA, SAVE, TSLA: Why These 5 Stocks Are Trending Today – Alibaba Gr Holding (NYSE:BABA), Advanced Micro Devices (NASDAQ:AMD)

The U.S. stock market resumed its decline on Tuesday following a one-day closure for Martin Luther King Jr. Day. The major indices were all red at the end of the trading day in New York as investors continued to monitor corporate earnings season and prospects for future interest rates.

The S&P 500 declined 0.4% to 4,765.98, while the Dow Jones Industrial Average fell 0.6% to 37,361.12. The tech-heavy Nasdaq dropped 0.2% to 14,944.35.

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

Digital World Acquisition Corp DWAC

DWAC surged 29.04% to close at $22.35, with an intraday high of $22.98 and a low of $18.38. The 52-week range is $12.34 – $25.85. The stock rallied following former President Donald Trump’s significant lead in the Iowa caucus.

Advanced Micro Devices, Inc. AMD

AMD’s stock rose 8.31% to end at $158.74, hitting a high of $159.72 and a low of $149.98. Its 52-week range is $67.27 – $159.72. Analysts at KeyBanc Capital Markets see over 30% upside potential in AMD shares, citing strong AI-related demand.

Spirit Airlines, Inc. SAVE

SAVE plummeted by 47.09% to close at $7.92, with a day’s high of $15.52 and a low of $5.8. The 52-week range is $5.8 – $20.99. The stock tumbled after a federal judge blocked its acquisition by JetBlue Airways Corporation (NASDAQ JBLU).

Alibaba Group Holding Limited BABA

BABA shares fell 3.31% to $69.46, with an intraday range of $69.3 to $70.53. The 52-week range is $69.3 – $121.3. The decline comes amid broader concerns about Chinese internet firms and military-affiliated AI testing.

Tesla, Inc. TSLA

Tesla’s stock saw a modest gain of 0.47%, closing at $219.91. It fluctuated between $212.18 and $223.49, with a 52-week range of $124.31 – $299.29. The company faced its fifth possible day of losses, earlier in the day, influenced by market concerns and CEO Elon Musk’s comments on AI and robotics.

Photo by WHYFRAME on Shutterstock

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

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