Major U.S. indices ended lower on Monday, with the Dow Jones Industrial Average falling 0.7% to 53,185.90, the S&P 500 declining 0.33% to 7,786.14 and the Nasdaq ending flat at 26,370.88.
Despite the overall market decline, several stocks captured the attention of retail traders and investors throughout the day.
GoPro shares surged by 46.06%, closing at $0.88. The stock hit an intraday high of $0.88 and a low of $0.60, with a 52-week range of $3.05 to $0.57. In after-hours trading, the stock shot up 51.91% to $1.33.
The rise followed reports that YouTube star Markiplier has acquired an 8.5% stake in the company, making him the largest shareholder. Markiplier, also known as Mark Fischbach, described the investment as a project to help turn the company around. For more details.
Tesla Inc. (NASDAQ:TSLA)
Tesla’s stock climbed 5.51%, closing at $367.95. The stock reached an intraday high of $368.92 and a low of $347.15, with a 52-week range of $498.82 to $297.38.
The increase came ahead of Tesla’s Cybercab launch event in Austin, Texas. The Cybercab, a fully autonomous vehicle, is set to join Tesla’s Robotaxi fleet. The event has generated significant excitement among investors.
SanDisk Corp. (NASDAQ:SNDK)
SanDisk shares rose 5.50%, closing at $1,566.70. The stock’s intraday high was $1,572.69, with a low of $1,449.50, and a 52-week range of $2,354.39 to $50.07.
Mizuho reiterated its bullish stance on memory stocks, highlighting SanDisk as undervalued amid a long-term supply shortage. The firm’s outlook has been described as “just unbelievable” by market experts.
Nio Inc. (NYSE:NIO)
Nio’s stock fell 3.20%, closing at $4.23. The stock reached an intraday high of $4.41 and a low of $4.23, with a 52-week range of $8.02 to $4.23. The stock rose 2.36% to $4.33 in the after-hours session.
The decline occurred ahead of the company’s second-quarter earnings report, with analysts expecting a loss. Nio faces challenges from sector margin compression and price wars in the domestic market.
Edison International (NYSE:EIX)
Edison International shares plummeted 23.07%, closing at $53.98. The stock’s intraday high was $57.23, with a low of $53.11, and a 52-week range of $81.62 to $52.
The drop followed California lawmakers’ decision to maintain insurers’ subrogation rights, leaving utilities liable for wildfire damages. Mizuho downgraded the stock, cutting its price target significantly.
Benzinga Edge Stock Rankings indicate Tesla stock has a Momentum score in the 13th percentile and a Value score in the 3rd percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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