QBTS, DOCU, ULTA, META, TSLA: Today’s Top 5 Trending Stocks

On Thursday, major U.S. stock indices faced a challenging trading session, with the S&P 500 entering technical correction territory. This correction occurred as the index saw a decline of 10% from its all-time high, exacerbated by rising trade tensions and recent tariff threats from President Donald Trump. Although some positive inflation data indicated a more stable economic atmosphere, investor sentiment remained tense, largely due to concerns that increased tariffs might adversely impact corporate earnings and disrupt supply chains.

The S&P 500 index dropped almost 1.4%, closing at 5,521.52, while the Nasdaq Composite slid nearly 2%, finishing at 17,303.02. The Dow Jones Industrial Average also recorded a decline, ending the day down 1.3% at 40,813.57.

Top Trending Stocks

Here are the leading stocks that attracted significant interest from retail traders and investors:

D-Wave Quantum Inc. (QBTS)

D-Wave Quantum saw its shares jump by 18.73%, closing at $6.91 after reaching an intraday high of $7.12 and a low of $6.04. With a 52-week range of $11.41 and $0.75, the company reported a fourth-quarter adjusted earnings loss of 8 cents per share, which was slightly below the anticipated figures. Despite a year-over-year sales decline of 21% to $2.309 million, strong growth in bookings and an optimistic outlook bolstered investor interest.

DocuSign Inc. (DOCU)

DocuSign’s stock fell by 6.78%, closing at $74.70 with an intraday high of $79.36 and a low of $74.26. The stock's 52-week range spans from $107.86 to $48.70. Despite the drop during regular trading hours, DocuSign's stock climbed by 11.65% to $83.40 in after-hours trading, following the release of its fourth-quarter revenue of $776.3 million, which surpassed consensus estimates.

Ulta Beauty Inc. (ULTA)

Ulta Beauty experienced a 4.48% decline, finishing at $314.47, but its shares surged by 6.5% to $335 during after-hours trading. The stock reached an intraday high of $329.54 and a low of $309.01, with a 52-week high of $574.76. The company reported fourth-quarter revenue of $3.49 billion and exceeded income expectations, indicating that fiscal 2025 could be a significant year for Ulta.

Meta Platforms Inc. (META)

Meta Platforms saw a decrease of 4.67%, closing at $590.64. The stock fluctuated with an intraday high of $620.50 and a low of $586.51, while its 52-week range varies between $740.91 and $414.50. This drop reflected broader market pressures, particularly pertaining to tariff issues affecting technology stocks.

Tesla Inc. (TSLA)

Tesla's shares saw a decrease of 2.99%, closing at $240.68. The stock recorded an intraday high of $248.29 and a low of $232.60, with a 52-week range between $488.54 and $138.80. Analysts at JPMorgan predict that Tesla is likely to experience its lowest quarterly deliveries since 2022, partially due to CEO Elon Musk’s affiliations with the Trump administration which are perceived to influence the brand's market value.

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