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Gamestop, Lululemon, Uber, Ulta Beauty And Tesla: Why These 5 Stocks Are On Investors' Radars Today
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Gamestop, Lululemon, Uber, Ulta Beauty And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Dec 5, 2024 6:27 PM

On Thursday, major U.S. indices closed in the red, with the Dow Jones Industrial Average slipping 0.5% to 44,765.71, the S&P 500 declining nearly 0.2% to 6,075.11, and the tech-focused Nasdaq dropping 1.25% to 2,396.17.

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

GameStop Corporation ( GME ) shares surged by 5.92% to $28.63. The stock traded within the range of $30.87 to $26.15 over the day. The 52-week high and low prices for GameStop ( GME ) are $64.83 and $9.95, respectively.

GameStop’s stock soared after Roaring Kitty a.k.a Keith Gill returned to social media. His previous return this year led to a surge in meme stock shares. The latest tweet from his X account has the financial world abuzz, with the potential to influence stock prices once again.

Lululemon Athletica Inc ( LULU ) reported a 0.74% increase, closing at $344.81. The stock’s intraday high and low were $351.38 and $340.69, respectively. Lululemon’s 52-week high and low prices stand at $516.37 and $226.19.

Lululemon’s third-quarter earnings and revenue surpassed expectations. The company’s total revenue increased by 9% year-over-year, with a 4% rise in total comparable sales. The international market also saw a significant 33% year-over-year revenue jump.

Uber Technologies, Inc ( UBER ) shares dropped by 9.60% to $65.23. The stock’s intraday high and low were $72.03 and $64.28, respectively. Uber’s 52-week high and low prices are $87 and $54.84.

Uber’s stock took a hit following reports of Alphabet Inc.-owned Waymo’s plans to launch in Miami in 2026. This news could pose a significant challenge to Uber’s market share in the ride-hailing industry.

Ulta Beauty Inc ( ULTA ) experienced a 1.74% decline, closing at $392.87. The stock’s intraday high and low were $403.62 and $392.07, respectively. Ulta Beauty’s 52-week high and low prices are $574.76 and $318.17.

Ulta Beauty’s third-quarter results surpassed expectations, with quarterly earnings per share at $5.14 and revenue at $2.53 billion. The company also raised its full-year sales outlook, reflecting confidence in its continued growth trajectory.

Tesla Inc ( TSLA ) saw a 3.23% increase, closing at $369.49. The stock’s intraday high and low were $375.43 and $359.50, respectively. Tesla’s 52-week high and low prices are $375.43 and $138.80.

Tesla’s stock surged after Bank of America raised its 12-month price target on the stock from $350 to $400. The investment bank cited the company’s improving growth prospects as the reason behind the price hike.

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

Read Next: 

‘Big Short’ Trader Danny Moses Gives Up On Shorting Tesla, Says It Is ‘Very Difficult To Short A Name That Is Not Trading On Fundamentals’

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

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