Disney, Plug Power, Alibaba, Tesla, Roblox: Why These Five Stocks Are Trending Today
Portfolio Pulse from Benzinga Neuro
U.S. stocks ended the day in the red, with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. The stocks that gained the attention of retail traders and investors throughout the day were The Walt Disney Company, Plug Power Inc, Alibaba Group Holding Limited, Tesla Inc, and Roblox Corp. Disney's stock declined by 0.73%, Plug Power's stock decreased by 1.47%, Alibaba's stock rose by 0.67%, Tesla's stock dropped by 3.01%, and Roblox's stock plummeted by 21.90%.
August 10, 2023 | 2:19 am
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NEGATIVE IMPACT
Disney's stock declined by 0.73%, closing at $87.49. The company reported a 4% YoY increase in Q3 revenue, but missed the Street consensus estimate.
Disney's stock declined due to the company missing the Street consensus estimate for Q3 revenue, despite a 4% YoY increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Plug Power's stock decreased by 1.47%, closing at $10.75. The company reported a 72% YoY increase in Q2 revenue, attributed to expansion with pedestal customers and growth in cryogenics and liquefaction.
Plug Power's stock decreased despite the company reporting a 72% YoY increase in Q2 revenue, attributed to expansion and growth in cryogenics and liquefaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Roblox's stock plummeted by 21.90%, closing at $29.46. The company reported a 22% YoY growth in Q2 FY23 Bookings, but the revenue missed the consensus, growing by only 15% YoY.
Roblox's stock plummeted due to the company missing the consensus for revenue, despite a 22% YoY growth in Q2 FY23 Bookings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla's stock dropped by 3.01%, closing at $242.19. Recent reports revealed that Zachary Kirkhorn, Tesla's former CFO, sold shares of the company days before stepping down.
Tesla's stock dropped due to recent reports of insider trading, with former CFO Zachary Kirkhorn selling shares days before stepping down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alibaba's stock rose by 0.67%, closing at $94.85. Mizuho analyst James Lee maintained a positive outlook on Alibaba, expecting the June quarter top line to reflect a recovery in consumer consumption.
Alibaba's stock rose due to a positive outlook from Mizuho analyst James Lee, who expects the June quarter top line to reflect a recovery in consumer consumption.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100