U.S. stocks experienced mixed trading on Thursday, the Dow Jones Industrial Average rose 0.65% to 42,322.75, while the S&P 500 gained 0.41% to 5,916.93. The tech-heavy Nasdaq declined nearly 0.2% to 19,112.32. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Applied Materials Inc. ( AMAT )
Applied Materials ( AMAT ) closed at $174.75, up 0.35% for the day, with an intraday high of $176.38 and a low of $171.20. The stock’s 52-week range is between $123.74 and $255.89. The company reported its second-quarter financial results, revealing revenue of $7.1 billion, slightly below analyst expectations of $7.13 billion. However, earnings per share surpassed estimates at $2.39, compared to the anticipated $2.31. The chip equipment manufacturer maintained solid guidance, indicating no significant changes in customer demand. The stock slipped nearly 6% in after-hours trading to $164.85.
CAVA Group Inc. ( CAVA )
CAVA Group’s stock fell by 0.48%, closing at $99.06, with a high of $100.94 and a low of $98.31 during the day. The 52-week range for the stock is $70 to $172.43. The Mediterranean fast-casual restaurant chain reported a 28.2% increase in first-quarter revenue, reaching $331.83 million, surpassing the consensus estimate of $326.88 million. The company also reported adjusted earnings of 22 cents per share, exceeding analyst predictions of 14 cents. CAVA Group ( CAVA ) has increased its guidance for new restaurant openings. However, the stock took a beating in the after-hours trading and declined 4% to $95.
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Coinbase Global Inc. ( COIN )
Coinbase shares dropped by 7.20%, closing at $244.44, with an intraday high of $257.85 and a low of $240. The stock’s 52-week range is $142.58 to $349.75. The company faced a significant cybersecurity incident involving insider abuse and data theft, resulting in a $20 million Bitcoin (CRYPTO: BTC) ransom demand. Coinbase has refused to pay the ransom and has instead offered a $20 million bounty for information leading to the arrest of the perpetrators. The incident has impacted investor sentiment.
Quantum Computing Inc. ( QUBT )
Quantum Computing’s stock rose by 3.47%, closing at $9.24, with a high of $9.29 and a low of $8.74. The 52-week range for the stock is $0.35 to $27.15. The company reported its first-quarter financial results, with revenue of $39,000, missing analyst estimates of $100,000. However, earnings per share were 11 cents, beating expectations of a seven-cent loss. The positive earnings surprise contributed to the stock’s upward movement.
Meta Platforms Inc. ( META )
Meta Platforms ( META ) saw a decline of 2.35%, closing at $643.88, with an intraday high of $657.31 and a low of $638.58. The stock’s 52-week range is $442.65 to $740.91. The company’s shares fell following a report from the Wall Street Journal about delays in the release of its next-generation AI model, codenamed Behemoth. Initially expected in April, the model’s release has been postponed to fall or later.
Benzinga Edge Stock Rankings indicate Coinbase has a Momentum in the 70th percentile and Growth in the 79th percentile. How do other cryptocurrency-related stocks fare? Find out by clicking here.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal