Tesla Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Tesla Inc. (TSLA) advanced 5.71% to $769.59 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 3.82% to 11,805.00 and the Dow Jones Industrial Average rising 1.47% to 32,196.66. The stock's rise snapped a two-day losing streak. Tesla Inc. closed $473.90 below its 52-week high ($1,243.49), which the company reached on November 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Toyota Motor Corp. ADR (7203.TO) rose 1.76% to $161.33, General Motors Co. (GM) rose 7.45% to $38.21, and Honda Motor Co. Ltd. ADR (7267.TO) rose 2.15% to $25.63. Trading volume (30.5 M) eclipsed its 50-day average volume of 26.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 2022.
(END) Dow Jones Newswires
May 13, 2022 16:32 ET (20:32 GMT)
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