Home » Red day for NIO -1.57%, Disney -2.97% , GME -6.05%, Palantir -7.93% and Tesla -5.25% Stocks
It is a red day for some of the most popular technology stocks, including NIO (-1.57%), Disney (-2.97%), GME (-6.05%), Palantir (-7.93%) and Tesla Stock (-5.25%). This comes at the tail end of a bear market that has seen technology stocks take a hit, with investors seeking safety in other investments as the economic storm rages on . Those who had predicted the market to be different, with the ten-year at 3.8% rather than 5.8%, have had to adjust their strategies and take stocks in order to make up for any losses . Despite this, many investors remain hopeful and are trying to keep the faith, with the majority of their investments on other platforms that are not completely in the red .
NIO Stock is currently at $10.03 losing today 1.57%
NIO Inc. (NYSE: NIO) has been struggling with its stock price today, losing 1.57% to close at $10.03 according to . Despite its plans to build a factory in China to produce budget EVs for export to Europe , the company has not been able to reverse its fortunes in the near term .
Disney’s stock prices have been volatile in the past few months, with the company’s stock closing at $86.75/share on Wednesday , resulting in the company’s market capitalization shedding about $24 billion in value to stand at $158.15 billion. However, the stock has since rebounded, closing at $102.9 on Tuesday, a 2.97% decrease from its previous close . From a risk/reward perspective, Disney might be an interesting option for value investors now while trading near its 8-year lows . Investors should take into account the company’s fundamentals and the impact of events such as the firing of CEO Bob Chapek and the launch of Disney+ when considering whether to buy or sell Disney stock.
Tesla Inc (TSLA:NASDAQ) stock has taken a hit today, closing at  $197.37, -10.94, -5.25%. According to  TSLA – Tesla, Inc. NasdaqGS – NasdaqGS Real Time Price, traders and investors had anticipated a higher valuation for the stock, yet the data from  Get Tesla Inc (TSLA:NASDAQ) real-time stock quotes, news, price and financial information from CNBC suggest otherwise.
While the four-for-one stock split was seen as a bullish indicator, the stock has yet to trigger a short squeeze and is still down 14% from its pre-split price . With the crypto and NFT world going through a downturn, GameStop’s heavy reliance on this sector has been a major drag on its stock price.
Palantir Technologies has seen a decline in its stock price, dropping 7.93%, from its current price of $8.47 . Despite this, there is a case to be made that this depreciation is unjustified, with the company’s commercial software offerings in high demand and expected to deliver strong returns in the near future . Palantir is also outperforming other stocks, such as REE Automotive Ltd. and Apple Inc., which are currently at $0.46 and $148.48 respectively . Investors should consider the company’s financials and its path to profitability before investing, as operating expenses continue to grow at a slower rate than revenue .