In a volatile trading session on Wednesday, the S&P 500 and Nasdaq indices faced downward pressure as Treasury yields spiked above 5%. This surge in yields led to a broad selloff, particularly impacting high-growth and tech stocks. The S&P 500 fell by 1.6% to 5,844.61, while the Nasdaq dropped by 1.4% to 18,872.64. The Dow Jones Industrial Average declined by 1.9% to 41,860.44.

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

UnitedHealth Group Incorporated ( UNH ) 

UnitedHealth’s shares dropped 5.78% to close at $302.98. The stock hit an intraday high of $309.96 and a low of $300.07, with a 52-week range of $630.73 to $248.88. In the after-hours session, the stock declined 3.1% to $293.50. HSBC analyst Sidharth Sahoo downgraded UnitedHealth ( UNH ) Group from Hold to Reduce and slashed the price target from $490 to $270.

Snowflake Inc. ( SNOW ) 

Snowflake shares fell 2.06% to $179.12, with a high of $184.09 and a low of $178.91. The stock’s 52-week range is $194.40 to $107.13. Snowflake stock spiked over 7% to $192.30 in after-hours trading as the company reported better-than-expected first-quarter earnings, with revenue of $1.04 billion and adjusted earnings of 24 cents per share.

Navitas Semiconductor Corporation ( NVTS ) 

Navitas Semiconductor ( NVTS ) saw its stock decline by 4.50%, closing at $1.91. The day’s high was $2.06, and the low was $1.88, with a 52-week range of $5.14 to $1.52. Navitas shares spiked as much as 188% to $5.50 in the after-hours trading. The company announced a collaboration with NVIDIA on next-generation architecture, which initially boosted the stock.

Nike, Inc. ( NKE ) 

Nike’s stock decreased by 4.12% to $59.98, reaching a high of $61.76 and a low of $59.88. The 52-week range stands at $98.04 to $52.28. Nike ( NKE ) stock gained 1.7% in the after-hours traidng. The decline came despite news of Nike ( NKE ) returning to sell on Amazon after a six-year hiatus.

Target Corporation ( TGT ) 

Target shares fell 5.21% to $93.01, with an intraday high of $95.31 and a low of $90.60. The stock’s 52-week range is $167.40 to $87.35. The company reported first-quarter sales of $23.85 billion, missing analyst expectations. The retailer lowered its guidance for the financial year 2025 from the $8.80-$9.80 range to the $7 to $9 range.

Benzinga Edge Stock Rankings shows Nike ( NKE ) checks out in terms of price trend in the short term, find out how it ranks on other metrics.

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

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