SoFi Technologies, Inc. (NASDAQ:SOFI), Tesla, Inc. (NASDAQ:TSLA), Capri Holdings Ltd. (NYSE:CPRI), Joby Aviation, Inc. (NASDAQ:JOBY) and Deckers Outdoor Corp. (NYSE:DECK) are the top five trending tickers on Stocktwits Friday. Here's a look at what grabbed retail investors' attention.
SOFI, So High: A perennial favorite among retail traders, SoFi tops the list this week. The stock is marking new 52-week highs after gaining nearly 5% on Thursday ahead of its third-quarter earnings release next Tuesday. The Street is expecting the company to report earnings of 4 cents per share on revenue of $632.056 million, according to Benzinga Pro.
TSLA Cools: Tesla shares are trading slightly lower Friday as traders lock in gains following the options-fueled rally which took the stock 22% higher on Thursday. Tesla reported its highest quarterly profit in more than a year on Wednesday, and CEO Elon Musk projected up to 30% growth in vehicle sales for the coming year.
CPRI On Sale: Capri Holdings shares are down 50% Friday after a judge blocked the handbag company's pending merger with Tapestry Inc. (NYSE:TPR). The FTC said the merger would result in rising prices and lower wages that would be unfair to consumers and employees.
JOBY Hard Landing: Joby shares are taking a hit Friday after the electric air taxi company announced it is offering 40 million shares of stock at a price of $5.05 per share. The company may be looking to capitalize on gains following the FAA's announcement of regulations which will enable Joby's aircraft to begin operations in the United States.
DECK Steps Up: Deckers Outdoor shares are stepping up as traders react to the company's second-quarter results released after Thursday's closing bell. The UGG and HOKA brands parent said it saw domestic sales increase 14.2% year-over-year and international sales jump 33% in the quarter.
SOFI, TSLA, CPRI, JOBY, DECK Price Action: According to Benzinga Pro, SoFi Technologies shares are up 3.48% at $11.31, Tesla shares are down 1.34% at $256.98, Capri Holdings shares are down 47.5% at $21.84, Joby Aviation shares are down 16.4% at $5.06 and Deckers Outdoor shares are up 13.5% at $172.56 at the time of publication Friday.
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Image: Moondance from Pixabay
