MLGO, PLTR, ME, AMD, TSLA: Top 5 Trending Stocks Today

On Monday, Wall Street experienced a strong rally as investors grew optimistic about easing trade tensions and positive economic data. The S&P 500 and Nasdaq both recorded their best gains in months, with the S&P 500 rising by 1.76% to reach 5,767.57, while the Nasdaq climbed 2.3% to 18,188.59. Similarly, the Dow Jones Industrial Average saw an increase of 1.4%, closing at 42,583.22.

Here are the top stocks that attracted attention from both retail traders and investors throughout the day:

MicroAlgo Inc. MLGO

The shares of MicroAlgo surged by 455.16%, closing at $13.99. The intraday high for the stock reached $15.34, while it had a low of $3.83. The company's 52-week high is $509.4, and its low stands at $1.11. This dramatic increase followed MicroAlgo's announcement of a $20 million offering aimed at settling a convertible bond agreement.

Palantir Technologies Inc. PLTR

Palantir's stock experienced a rise of 6.37%, closing at $96.75. During the day, the stock reached a high of $97.39 and a low of $92.28. Over the past year, the stock's high has been $125.41, with a low of $20.33. The increase was influenced by growing investor confidence in Palantir's AI capabilities and its contracts with government agencies.

23andMe Holding Co. ME

In contrast, 23andMe's stock faced significant declines, dropping 59.22% to close at $0.73. The stock traded within a high of $0.97 and a low of $0.73 for the day, while its 52-week high and low are at $12.76 and $0.73 respectively. The decline is attributed to the company’s voluntary filing for Chapter 11 bankruptcy to facilitate a sale process.

Advanced Micro Devices, Inc. AMD

AMD shares climbed 6.96% by the end of the day, closing at $113.85. The intraday high was $114.85, with a low of $109.4. The stock's 52-week high is recorded at $187.28, while the low is $94.73. The upward movement in AMD's stock was spurred by reports indicating the possibility of the U.S. reducing upcoming tariffs.

Tesla Inc. TSLA

Tesla's stock also saw a significant increase, soaring 11.93% to close at $278.39. It had an intraday high of $278.64 and a low of $256.33. The stock's 52-week high is $488.54, whereas its low is $138.80. This rise occurred despite a new documentary that may lead to some investor concerns regarding CEO Elon Musk's political influence.

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