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Bitcoin Above $55K Gets Marathon, Riot Platforms Trending — Zoom Video, Hims & Hers, Tesla Also On Investors' Radars Today

Author: Benzinga Neuro | February 26, 2024 10:26pm

On Monday, the leading U.S. indices concluded on a negative note, with the Dow Jones Industrial Average finishing 0.16% down at 39,069.23, the S&P 500 dropping nearly 0.4% to 5,069.53, and the Nasdaq slid 0.13% to 15,976.25.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Marathon Digital Holdings Inc (NASDAQ:MARA) saw a significant uptick, closing up 21.68% at $29.19. The stock fluctuated between $24.41 and $29.82 throughout the day, with its 52-week range being $5.13 to $31.3. Bitcoin miners like Marathon Digital are riding the wave of Bitcoin’s (CRYPTO: BTC) price surge, with the company poised to report earnings after the market closes on Wednesday. At the time of publishing, Bitcoin traded at $56,455.83, registering an intraday gain of nearly 9.5%.

Riot Platforms Inc (NASDAQ:RIOT) also enjoyed gains, closing up 16.97% at $17.37. The stock’s daily high was $17.45, with a low of $14.89, and its 52-week range is $5.16 to $20.65. Riot Platforms, a company associated with Bitcoin mining, saw gains amid a rally in the price of the apex cryptocurrency.

Zoom Video Communications Inc (NASDAQ:ZM) experienced a slight decline, down 0.44% to close at $63.12. The stock moved between $62.95 and $64.32 during the day, with its 52-week range being $58.87 to $76.98. Zoom’s Q4 earnings outperformed expectations, with a notable increase in enterprise customers and the introduction of Zoom AI Companion.

Hims & Hers Health, Inc. (NYSE:HIMS) climbed 7.67% to close at $10.25. It traded between $9.67 and $10.29, with a 52-week range of $5.65 to $12.34. The company’s Q4 earnings surpassed estimates, driven by a significant increase in subscribers and revenue growth.

Tesla Inc. (NASDAQ:TSLA) saw an increase of 3.87%, closing at $199.4. The stock’s intraday movement ranged from $192 to $201.78, with its 52-week range being $152.37 to $299.29. Tesla is set to begin construction of its Gigafactory in Mexico, marking a significant step in its expansion strategy.

Photo by Jirapong Manustrong on Shutterstock

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