Tesla, Palantir, and Other Stocks That Have Been the Most Popular During Wall Street’s Recent Rally

Tesla had a cumulative volume of 739 million shares as the stock gained 11% during that time frame. The recent gains followed disappointing third-quarter financial results from the electric-vehicle maker that hit the stock heavily. The rally has been helped by commentary from investor Ron Baron on Nov. 1, who implied in an interview with MarketWatch that Tesla eventually could garner a $4 trillion valuation.

Palantir, on the other hand, reported better-than-expected financial results for its third quarter as the company pushes into artificial-intelligence-powered analytics applications. Palantir had a cumulative volume of 501.2 million shares and the stock has surged 26% from Oct. 30 to Nov. 6.

AMD reported third-quarter financial results on Oct. 31, that beat Wall Street estimates but issued disappointing revenue guidance. The stock still gained on Nov. 1, and shares of the chip maker have risen 16% from Oct. 30 to Nov. 6. The stock had a cumulative volume of 448.2 million shares in that time frame.

Ford stock has had a challenging 2023, dropping 12%. This has been in part due to the United Auto Workers union striking against the Detroit Three auto makers. But shares have risen 5.5% from Oct. 30 to Nov. 6. and the stock has racked up a cumulative volume of 440.4 million shares during that time. Ford was the first auto maker to reach a tentative agreement with the UAW.

As of the close of trading Monday, the
Dow Jones Industrial Average
has gained 3.2% In November, the
S&P 500
has risen 4.1%, and the
Nasdaq Composite
has jumped 5.2%.

Write to Angela Palumbo at [email protected]