Top 5 Trending Stocks Today: RGTI, GME, PDYN, PHUN, NFLX

On Thursday, U.S. stocks encountered a minor decline as both the S&P 500 and NASDAQ indices experienced slight decreases. The S&P 500 dropped by 0.04%, ending the day at 6,037.59, while the NASDAQ saw a decrease of 0.05%, closing at 20,020.36. In contrast, the Dow Jones Industrial Average recorded a small increase of 0.07%, finishing at 43,325.80.

Throughout the trading day, certain stocks attracted significant attention from retail traders and investors. Here are the top trending stocks:

Rigetti Computing Inc. (RGTI)

Rigetti Computing saw its stock soar by 36.04%, closing at $15.44. It reached an intraday high of $15.50 and a low of $10.76, with a 52-week price range of $0.66 to $15.50. The surge in Rigetti’s stock followed the launch of its 84-qubit Ankaa-3 quantum computer, which features advanced hardware. This innovation has sparked increased interest in quantum computing, driving the stock to an all-time high.

GameStop Corp. (GME)

GameStop shares rose by 5.94%, with a closing price of $32.99. The stock hit a high of $34.37 and a low of $31.60, and its 52-week range shows a high of $64.83 and a low of $9.95. The uptick in GameStop’s stock price was partly credited to a festive post on social media by popular figure Roaring Kitty, also known as Keith Partick Gil, which renewed investor interest.

Palladyne AI Corp. (PDYN)

Palladyne AI experienced a remarkable increase of 47.57% in its stock price, closing at $7.29. The stock reached an intraday high of $8.86 and a low of $6.30, maintaining a 52-week range of $1.26 to $8.86. This impressive rise was a result of the company's announcement about a successful autonomous tracking flight conducted with its Palladyne Pilot AI software.

Phunware Inc. (PHUN)

Phunware’s stock increased by 27.91%, closing the day at $5.50. It peaked at $5.63 and had a low of $4.29, with its 52-week range extending from $2.85 to $24.01. The fluctuations in Phunware's stock can be attributed to its connections with President-elect Donald Trump and ongoing plans for global expansion.

Tesla Inc. (TSLA)

Tesla’s stock saw a slight decline of 1.76%, finishing at $454.13. The intraday high was $465.33 and the low $451.02, with a 52-week range from $138.80 to $488.54. Tesla's preparations for the production of autonomous vehicles are progressing, especially as the Shanghai Megafactory approaches completion, according to Senior Vice President of Automotive, Tom Zhu.

As traders look ahead, staying updated on the top premarket movers and noteworthy news can help inform investment decisions.

stocks, trending, market