AMD, CRISPR Therapeutics, Paycom Software, DraftKings, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Portfolio Pulse from Benzinga Neuro
Major U.S. indices ended in the green on Tuesday, with the Dow gaining nearly 124 points or 0.4% to 33,052.87. The S&P 500 and the Nasdaq indices also ended the day in positive territory. The top stocks that gained the attention of retail traders and investors throughout the day were Advanced Micro Devices, Inc. (AMD), CRISPR Therapeutics (CRSP), Paycom Software, Inc. (PAYC), DraftKings Inc. (DKNG), and Tesla, Inc. (TSLA).
November 01, 2023 | 2:22 am
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NEUTRAL IMPACT
CRSP’s stock remained steady, closing at $38.93. Today’s trading halt due to the FDA advisory committee’s review of the Biologics License Application marked a significant moment for the company.
CRSP's stock remained steady as the FDA advisory committee reviews the Biologics License Application, which is a significant event for the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
AMD closed the day with a 2.41% increase, settling at $98.5. The chipmaker reported strong third-quarter earnings, driven by robust PC and server processor sales, despite a lukewarm Q4 guidance.
AMD's stock rose due to strong Q3 earnings, driven by robust PC and server processor sales. However, lukewarm Q4 guidance may cause some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DraftKings’ stock rose by 2.60%, closing at $27.62. The company announced plans to launch its online sportsbook in Maine through a deal with the Passamaquoddy Tribe.
DraftKings' stock rose due to the announcement of plans to launch its online sportsbook in Maine, which could potentially increase its market share.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Paycom Software experienced a 2.05% increase, closing at $244.97. Despite strong third-quarter earnings, the company’s stock faced pressure in after-hours trading due to weaker-than-expected revenue guidance.
Paycom Software's stock rose due to strong Q3 earnings, but faced pressure in after-hours trading due to weaker-than-expected revenue guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla closed the day with a 1.76% increase, settling at $200.84. TSLA faced pressure due to weak China weekly insurance registrations and unionization efforts around its Fremont plant.
Tesla's stock rose but faced pressure due to weak China weekly insurance registrations and unionization efforts around its Fremont plant.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100