Tesla, Amazon, Union Pacific, Woodside, Cingulate: Stocks are trending -…

Tesla, Amazon, Union Pacific, Woodside, Cingulate: Stocks are trending -…

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Major Wall Street indices closed over 1% lower than the core on Friday personal consumption expenses price index, the Those of the Federal Reserve preferred measure of inflation, up 0.6% in January and up 4.7% yoy, above economists’ average estimate of 4.3%. The Nasdaq Composite closed 1.69% lower, while the S&P 500 lost 1.05% on Friday. The Dow Jones closed 1.02% lower. Meanwhile, here are the five stocks that are attracting investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed down 2.57% on Friday. Tesla investor Ross Gerber decided to withdraw his nomination for a seat on the company’s board as an activist investor and said he looks forward to the upcoming March 1 Investor Day.

Also read: Everything you need to know about Tesla stock

2. Amazon.com, Inc. AMZN: Shares of the e-commerce giant closed down 2.42% on Friday. Amazon founder jeff bezos received France’s highest honor at a private ceremony hosted by President Emmanuel Macron In the Elysee Palace last Thursday, reported Bloomberg, citing people familiar with the matter.

3. Union Pacific Corporation UNP: Shares of the company closed up 0.36% on Friday. The company’s board is looking for a new CEO after the Chief Lance Fritz has resigned. The announcement comes after hedge funds Soroban Capital Partners demanded the replacement of Fritz, reported CNBC.

4. Woodside Energy Group WDS: Shares of the Australian oil exploration and production company closed down 0.62% on Friday. It reported fourth-quarter revenue of $5.16 billion, up 77.6% year over year.

5. Cingulate Inc. CING: The biopharmaceutical company’s shares rose 43.12% on Friday after it announced positive top-line results from its Fed/Fast study of lead asset CTx-1301 for ADHD.

Continue reading: Warren Buffett defends share buybacks in annual shareholder letter, calling critics ‘economically illiterate’

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