Tesla, Amazon, Apple, Aurinia Pharma, Vera Therapeutics: Why These 5…

Tesla, Amazon, Apple, Aurinia Pharma, Vera Therapeutics: Why These 5…

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The main Wall Street indices closed on Tuesday, the first trading day of 2023, on concerns about rising interest rates and in the red Inflation still appears to be driving investor sentiment. The Nasdaq Composite ended 0.76% lower, while the Dow Jones ended Tuesday’s session slightly lower. The S&P 500 lost 0.4% on the day. Meanwhile, here are five stocks that are catching investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed 12.24% lower on Tuesday and got carried away Concerns about weak demand and logistical problems that have hampered deliveries. Tuesday’s drop wiped out nearly $50 billion in Tesla’s market value, roughly in line with its rival’s valuation Ford Motor CoCompanies freported Reuters.

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2. Amazon.com, Inc. AMZN: Amazon said Tuesday it had reached an agreement with certain lenders on an $8 billion unsecured loan, Reuters reported. The term loan has a term of 364 days with an option to extend for an additional 364 days, and the proceeds would be used for general corporate purposes, the report said. Amazon shares closed up 2.17% on Tuesday.

3. apple inc AAPL: apples Market capitalization declined on Tuesday fell well below the $2 trillion mark for the first time since March 2021, Reuters reported. Shares of the company then closed down 3.74% Exane BNP Paribas analyst Jerome Ramel downgraded the company to neutral from outperform and lowered its price target to $140 from $180, the report said, citing Refinitiv Eikon.

4. Aurinia Pharmaceuticals Inc AUPH: Shares of the company closed up 37.5% on Tuesday. The company announced that it has reached an agreement with Sun Pharmas to end the ongoing inter partes examination and to settle the ongoing patent infringement proceedings.

5. Vera Therapeutics, Inc. VERA: The company’s shares closed 5.43% lower, shedding 59.18% in extended trading. It’s not clear what drove the stock price down, although the company has been in the news…

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