Top 5 Trending Stocks: TSLA, AVGR, JTAI, TEVA, NFLX

Wall Street kicked off the Santa Rally season with a strong performance, as all major indices and sectors wrapped up the trading day positively in a brief session before the Christmas holiday. The S&P 500 advanced by 1.1%, marking its third consecutive day of gains after the recent fluctuations following the Federal Reserve meeting. The tech-oriented Nasdaq 100 increased by 1.35%, nearly recovering from the losses it incurred the previous week. Meanwhile, the Dow Jones Industrial Average rose by 0.9% during this session.

Five stocks stood out and garnered attention from retail traders and investors throughout the day.

Tesla Inc. had a significant surge, climbing 7.35% to finish at $462.25. The stock achieved an intraday high of $462.78 and a low of $435.14. Tesla's 52-week high is noted at $488.54, while the lowest point was $138.80. CEO Elon Musk mentioned that Tesla could potentially exceed the combined market value of all transportation companies, except for SpaceX, emphasizing that substantial effort and innovative ideas are crucial.

Avinger Inc. experienced a remarkable increase, soaring 125.72% to reach $1.45, with an intraday high of $1.93 and a low of $1.01. The company's 52-week high is $5.45, compared to a low of $0.39. Recently, Avinger announced that it received a Notice of Allowance for a U.S. patent regarding a catheter device intended for treating Peripheral Artery Disease.

Jet.AI Inc. enjoyed a substantial jump of 79.24%, closing at $6.13. During the session, the stock reached an intraday high of $9.99 and a low of $5.85. Its range over the past year highlights a high of $607.51 and a low of $3.29. This upward momentum followed the launch of “Ava,” an advanced AI model aimed at simplifying the process of booking private jets.

Teva Pharmaceutical Industries Limited saw a modest increase of 0.95%, closing at $22.42. The stock's intraday high was $22.50 and the low was $22.19, with a 52-week high also at $22.50 and a low of $10.34. Notably, Stanley Druckenmiller's Duquesne Family Office expanded its stake in Teva Pharmaceutical by acquiring more than 1.4 million shares during the third quarter.

Netflix Inc. registered a 2.27% gain, closing at $932.12. The stock hit an intraday high of $935.85 and a low of $911.70. Its 52-week range shows a high of $941.75 and a low of $461.86. Recently, Netflix initiated legal action against Broadcom’s subsidiary, VMware, alleging patent infringement, a situation that may affect its operations moving forward.

As the market continues to evolve, investors are advised to stay informed about key premarket movements and critical news updates.

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