Hot or Not, Stock Market Edition: 12/5/2024

Here’s what you need to know about stocks today! Facebook parent company Meta (META) recently enjoyed a fresh new all-time high; on the flip side, market favorite Tesla (TSLA) had a tough day due to uncertainties about Elon Musk’s future with the company.

Back on the up, Fiverr (NYSE: FVRR) is launching a nonprofit hub that has investors excited. In not as good news, Intel (INTC) had another bad day following recent leadership changes. Want more? Check out the biggest winners and biggest losers on WSZ. 

🔥 HOT: Fiverr (NYSE: FVRR) gained 4.3% on Tuesday as its about-face rally continues. The company was down as much as 32% at one point in mid-April but has since rallied to gain nearly 80% in eight months. Tuesday’s gain was fueled by news that Fiverr is launching a Nonprofit Hub to cater to the increasing number of nonprofit organizations in the world today. The Nonprofit Hub will feature discounts for nonprofit organizations, vetting for hiring candidates with nonprofit experience, and educational resources.

🥶 NOT: Shares of Intel (NASDAQ: INTC) fell for the second day in a row as the company’s stock lost 6.1% on Tuesday. The company is reportedly considering outsiders for its recently vacated CEO position and has hired search company Spencer Stuart to help find and filter candidates. Intel has a Zen Rating of F and a recommendation of strong sell based on our analysis. The stock has currently lost 54.3% YTD as it continues to struggle to find relevance in the modern chip market.

🔥 HOT: Facebook’s parent company, Meta (NASDAQ: META), gained 3.5% and closed at an all-time high price of $613.65 on Tuesday. The stock has been on a roll since late November when CEO Mark Zuckerberg had dinner with President-elect Trump. The company also released a blog post on Tuesday afternoon detailing the steps it plans to take going forward to limit the spread of misinformation on its platforms. META has a Zen Rating of B and has now gained 74.7% YTD.

🥶 NOT: Tesla (NASDAQ: TSLA) shares fell by 1.6% on Tuesday after a Delaware judge denied Elon Musk’s bid to obtain a $56 billion package compensating him for his involvement in Tesla. Musk has been attempting to secure compensation since he sold nearly half of his stake in Tesla to fund his purchase of Twitter two years ago. Despite uncertainties about Musk’s future involvement with Tesla, the company’s stock has gained 40.5% so far this year.

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