Tesla, Amazon, FRC, Western Alliance: Stock Trends Today – GitLab…

Tesla, Amazon, FRC, Western Alliance: Stock Trends Today – GitLab…

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Major Wall Street indices ended mixed on Monday as fears of possible contagion following a series of bank failures kept investors and traders on a cautious stance. However, market participants also began to consider the possibility of rate hikes March Fed policy in the face of the ongoing crisis. The Nasdaq Composite closed 0.45% higher, while the S&P 500 closed 0.15% lower. The Dow Jones closed Monday down 0.28%. Meanwhile, the following five stocks are attracting investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed up 0.6% on Monday. US Secretary of Transportation Pete Buttigieg said Monday that using the term “autopilot” as a feature of its electric vehicles does not justify the company’s requirement that drivers keep both hands on the wheel, reported Bloomberg. In the meantime, Wolfe research analyst Rod Leek Tesla shares downgrade from Outperform to Peer Perform and maintained a price target of $185.

Also read: Everything you need to know about Tesla stock

2. Amazon.com, Inc. AMZN: Shares of the company closed up 1.87% on Monday. The retail giant and Rivian Automotive Inc RIVN are in talks to drop the exclusivity portion of their electric van deal. Rivian could start selling others after Amazon’s order for 2023according to a Wall Street Journal report.

3. Bank of the First Republic FRC: Shares of the bank closed 61.83% lower on Monday but were up 15.35% in extended trading. The lender failed to allay investors’ concerns amid the ongoing banking crisis, although it issued a statement to that effect on Sunday strengthened its liquidity positions.

4. Western Alliance Ban Corporation WHALE: Shares of the company closed 47.06% lower on Monday as they were hit by investor concerns surrounding the banking crisis. President Joe Biden has pledged to do whatever is necessary to counter the threat to the banking system, according to a Reuters report.

5. Gitlab Inc GTLB: The company’s shares closed up 0.55% on Monday but lost…

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