Tesla, Nvidia, John Wiley & Sons And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Avi Kapoor
U.S. stocks were mixed on Thursday, with the Dow Jones index falling around 200 points. Tesla shares rose 6.7% after positive shareholder resolutions and deployment of humanoid bots. Other notable gainers included NWTN, John Wiley & Sons, Kyverna Therapeutics, American Superconductor, Broadcom, Bitfarms, and more.
June 13, 2024 | 2:17 pm
News sentiment analysis
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POSITIVE IMPACT
American Superconductor shares rose 14.3% to $26.92 after Roth MKM analyst Justin Clare maintained a Buy rating and raised the price target to $27.
Positive analyst rating and increased price target are likely to boost investor confidence and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Broadcom shares rose 14.2% to $1,707.99 after posting strong Q2 results, declaring a quarterly dividend, and announcing a 10-for-1 stock split.
Strong financial results, dividend declaration, and stock split are likely to boost investor confidence and drive the stock price higher.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Bitfarms shares gained 12.3% to $2.73 after issuing new guidance for 2025 and announcing an agreement to develop power capacity in Pennsylvania.
New guidance and strategic agreements are likely to boost investor confidence and drive the stock price higher.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kyverna Therapeutics shares climbed 17.3% to $16.10.
The significant price increase suggests strong investor interest, likely driving the stock price higher in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
NVIDIA shares gained 3.1% to $129.06 on continued momentum following a recent stock split.
Continued positive momentum following a stock split is likely to drive the stock price higher.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
NWTN Inc. shares rose 22.8% to $1.84.
The significant price increase suggests strong investor interest, likely driving the stock price higher in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla shares rose 6.7% to $189.30 after CEO Elon Musk announced positive shareholder resolutions and the deployment of humanoid bots at its factory.
Positive shareholder resolutions and innovative product deployment are likely to boost investor confidence and drive the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
John Wiley & Sons shares gained 19.3% to $42.62 after reporting strong Q4 and fiscal year results.
Strong financial results are likely to boost investor confidence and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90