Previous Close | 24.48 |
Open | 24.50 |
Bid | 25.70 |
Ask | 26.00 |
Strike | 320.00 |
Expire Date | 2026-06-18 |
Day's Range | 24.30 - 24.50 |
Contract Range | N/A |
Volume | |
Open Interest | 1.35k |
Buying stocks just because they are rallying is a poor strategy. Meme stocks rallied last week after meme investor Keith Gill posted on X for the first time since the pandemic. AMC soared as much as 308% May 13-14 and GameStop gained 271% to the peak of the same two-day period.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
Tesla stock is angling lower, falling around 30% so far this year, but shares have rallied back following the EV giant's first-quarter earnings and revenue report on April 23. Tesla reported worse-than-expected first-quarter earnings and revenue late on April 23. Investors appeared not to care, sending TSLA shares jumping 12% the following day after Musk signaled "more affordable" new models are on the way.