Top 5 Trending Stocks: Nike, FedEx, BlackBerry, Rigetti Computing, and Tesla

The major U.S. stock indices closed on Thursday with mixed outcomes. The Dow Jones Industrial Average managed to gain a slight 0.04%, while the S&P 500 and the NASDAQ experienced minor declines of 0.09% and 0.1%, respectively.

Amidst this fluctuating market environment, here are the top five trending stocks that caught the attention of both retail traders and investors.

Nike Inc. (NYSE:NKE)

Nike's shares rose by 0.26%, finishing at $77.10. During the day, the stock achieved an intraday high of $77.94 and a low of $76.43. Over the past year, Nike's stock has fluctuated between $123.39 and $70.75. The athletic apparel giant recently reported its second-quarter earnings, showing impressive revenue figures of $12.35 billion, exceeding analyst projections of $12.13 billion. Additionally, earnings per share came in at 78 cents, well above the expected 65 cents. Despite facing a year-over-year revenue decline, Nike's results indicate a strong performance against expectations.

FedEx Corp. (NYSE:FDX)

FedEx saw its stock increase by 1.00%, closing at $275.88. The shares reached an intraday high of $278.48 and a low of $273.19. Over the past year, FedEx's stock has been within a range of $313.84 to $234.45. The company released its second-quarter earnings, delivering better-than-anticipated results with earnings per share of $4.05, surpassing the consensus estimate of $3.91. However, total revenue was $22 billion, falling short of expectations due to underperformance in FedEx Freight.

BlackBerry Ltd. (NYSE:BB)

BlackBerry's stock dipped by 1.00%, ending the day at $2.98. It experienced an intraday high of $3.08 and a low of $2.96, with a 52-week range between $4.27 and $2.01. The firm recently reported its third-quarter earnings, recording revenue of $162 million and adjusted earnings of two cents per share, which did exceed expectations. Nonetheless, cautious guidance for the future kept investor sentiment muted.

Rigetti Computing Inc. (NASDAQ:RGTI)

Rigetti's stock suffered a significant drop of 30.12%, closing at $7.47. The shares had an intraday high of $10.18 and a low of $6.75, over the last year trading between $12.75 and $0.66. Despite experiencing a notable 52.95% surge earlier in the day, analysts have advised caution following the unveiling of Google’s Willow quantum chip, indicating the volatility surrounding Rigetti's stock.

Tesla Inc. (NASDAQ:TSLA)

Tesla's shares fell by 0.90%, closing at $436.17. During the trading day, the stock peaked at $456.36 and hit a low of $420.02. The stock has experienced a yearly range from $488.54 to $138.80. Recently, Tesla reported a troubling 41% decline in European registrations for November, sparking concerns regarding its ability to meet global electric vehicle delivery targets.

Investors and traders should keep an eye on these companies' developments as they navigate through current market conditions and prepare for future trading opportunities.

Stocks, Market, Earnings