Coinbase, Intuitive Machines, Tesla, JPMorgan, Nikola: Why These Five Stocks Are Hot Today

U.S. stocks traded higher towards the end of the session, with the Nasdaq Composite gaining more than 1% on Thursday. The Dow Jones traded down 0.14% to 34,395.14 while the NASDAQ rose 1.58% to 14,138.57. The S&P 500 also rose, gaining 0.85% to 4,510.04.

These are the top stocks that caught the attention of traders and investors throughout the day.

Coinbase Global, Inc. COIN

Coinbase Global, Inc. shares closed up 24.49% on Thursday at $107. The stock hit an intraday high of $109.21 and an intraday low of $83.42. Overall, the stock has a 52-week high of $116.3 and a 52-week low of $31.55.

Coinbase shares rose alongside several crypto-related stocks after a U.S. judge ruled Ripple's sales did not constitute an offer of investment contracts. This decision is likely to impact the entire crypto industry and many companies facing similar legal challenges.

Intuitive Machines, Inc. LUNR

Intuitive Machines, Inc. stock closed down 3.28% on Wednesday at $8.54. The stock hit an intraday high of $9.25 and an intraday low of $8.34. Overall, the stock has a 52-week high of $136 and a 52-week low of $6.6.

Intuitive Machines has successfully completed a full spacecraft test of its Nova-C lunar lander, a significant engineering achievement in the company's efforts to complete its lunar lander.

Tesla Inc. TSLA

Tesla Inc. stock closed up 2.17% on Wednesday at $277.9. The stock hit an intraday high of $279.45 and an intraday low of $270.6. Overall, the stock has a 52-week high of $314.67 and a 52-week low of $101.81.

Tesla shares traded higher amid overall market strength and reports suggesting the company is setting up a new production plant in India. The company reportedly aims to produce 500,000 vehicles a year in India.

JPMorgan Chase & Co. JPM

JPMorgan Chase & Co. stock closed 1.27% higher on Wednesday at $148.87. The stock hit an intraday high of $149.37 and an intraday low of $147.75. Overall, the stock has a 52-week high of $149.87 and a 52-week low of $101.28.

JPMorgan Chase & Co. is expected to release its second quarter financial results, before the opening bell on July 14, 2023. Analysts expect the company to post quarterly profit of $4 per share, up from earnings of $2.76 per share a year ago.

Nikola Corp. NKLA

The action of Nikola Corp. closed up 60.87% on Thursday at $2.22. The stock hit an intraday high of $2.25 and an intraday low of $1.37. Overall, the stock has a 52-week high of $8.97 and a 52-week low of $0.52.

Nikola Corp shares are trading higher on above average volume. The company announced an agreement with BayoTech to advance the reliable supply of hydrogen to commercial fuel cell electric vehicle fleets.

Stay in control of your trading when the pre-market session opens.

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Written by Benzinga Newsbot and edited by Shivdeep Dhaliwal.

Benzinga Newsbot's GPT-4 content generation system leverages the vast Benzinga ecosystem, including native data, APIs, and more, to create comprehensive and timely stories for you.