Major U.S. indices closed Thursday lower, with the Dow Jones Industrial Average falling 0.36% to 49,310.32, the S&P 500 slipping 0.41% to 7,108.40 and the Nasdaq dropping 0.89% to 24,438.50.
These are the top stocks that gained the attention of retail traders and investors through the day:
Intel Corporation (NASDAQ:INTC)
Intel’s stock climbed 2.31% to close at $66.78, with an intraday high of $68.28 and a low of $65.42. The stock remains below its 52-week high of $70.33 but significantly above its low of $18.97. In the after-hours trading, the stock shot up nearly 20% to $80.10.
Intel reported a remarkable first quarter, with earnings of 29 cents per share, surpassing expectations. Revenue reached $13.58 billion, exceeding estimates by 9.28%. CEO Lip-Bu Tan highlighted the growing demand for Intel’s CPUs and advanced packaging offerings.
Intel guided for second-quarter adjusted EPS of 20 cents on revenue of $13.8 billion to $14.8 billion, beating estimates of 9 cents and $13.07 billion.
Advanced Micro Devices, Inc. (NASDAQ:AMD)
AMD shares rose 0.62%, closing at $305.33. The stock hit an intraday high of $310.22 and a low of $299.76, marking a new 52-week high. In the after-hours session, the stock rose 7.65% to $328.70.
AMD benefited from Intel’s strong performance, as the semiconductor sector saw increased investor interest. Intel’s impressive forward guidance further fueled optimism in the industry.
Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir’s stock fell 7.24% to $141.57, with a high of $150.29 and a low of $139.92. The stock remains within its 52-week range of $97.83 to $207.52.
Despite securing a $300 million contract, Palantir faced downward pressure due to its moving average structure, which indicates short-term challenges.
Skillz Inc. (NYSE:SKLZ)
Skillz shares skyrocketed 238.32% to $12.45, with an intraday high of $20 and a low of $3.25, reaching a new 52-week high. The stock declined 28.11% to $8.95 in extended trading.
The stock surged following a favorable jury verdict, which Skillz management celebrated as a win for platform integrity and fair competition.
Lucid Group, Inc. (NASDAQ:LCID)
Lucid’s stock dropped 9.26% to $6.27, with a high of $6.90 and a low of $6.22, marking a new all-time low.
Despite a partnership with Uber, Lucid faced selling pressure due to concerns over share dilution from a $1.05 billion financing package.
Benzinga Edge Stock Rankings indicate Intel stock has a Momentum score in the 96th percentile and a Value score in the 39th percentile.
Photo Courtesy: TY Lim on Shutterstock.com
This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
Login to comment