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Top 20 trades in US stocks by Sharesight users – April 2024

by Stephanie Stefanovic, Content Manager, Sharesight | Apr 30th 2024

Welcome to the April 2024 edition of Sharesight’s monthly USA trading snapshot, where we look at Sharesight users’ top 20 trades in US stocks on the Nasdaq, NYSE and NYSE American market (AMEX) over the month.

In this snapshot, buy trades were led by Tesla (NASDAQ: TSLA), which has seen its share price swing dramatically throughout April, with investors concerned about the automaker’s declining sales and ongoing price cuts. Over the same period, sell trades were led by NVIDIA (NASDAQ: NVDA), which also saw its share price drop as part of a widespread tech stock selloff. It was a tech-heavy month overall, with 13 of the top 20 stocks belonging to the tech, EV, semiconductor and e-commerce sectors.

Top 20 US stock trades April 2024

Top 20 US monthly Apr24

Let’s look at the news behind some of the key stocks in this month’s snapshot:

Tesla (NASDAQ: TSLA)

NVIDIA (NASDAQ: NVDA)

  • NVIDIA shares plummet 10% as tech stocks fall out of favour with investors
  • Analyst sees 81% upside for NVIDIA shares amid AI craze
  • NVIDIA share price on watch ahead of May earnings report

Apple (NASDAQ: AAPL)

  • Apple share price could have 48% upside potential, says analyst
  • Apple stock upgraded ahead of earnings report
  • Investors have ‘low expectations’ of Apple’s Q1 earnings due to weak iPhone sales and growing competition

Microsoft (NASDAQ: MSFT)

Amazon (NASDAQ: AMZN)

Meta (NASDAQ: FB)

  • Meta expected to reveal earnings growth in upcoming Q1 report
  • Share price tumbles 15% after news of aggressive AI spending plans
  • Meta stock has worst day in years, losing billions in value

Advanced Micro Devices (NASDAQ: AMD)

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Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.

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