10 Top-Traded US Stocks for Wednesday (6/30)

On Wednesday, the $Dow Jones Industrial Average(.DJI.US)$rose 210 points, helped by a 2.7% pop in $Walmart(WMT.US)$. The $S&P 500 Index(.SPX.US)$registered a gain of 0.13% to close at a fresh record of 4,297.50.

The $Nasdaq Composite Index(.IXIC.US)$was the relative underperformer, dipping 0.2% as Facebook, Amazon, Netflix and Google-parent Alphabet closed lower.

$Tesla(TSLA.US)$, $Apple(AAPL.US)$and $Amazon(AMZN.US)$were the top 3 most traded stock on Wednesday, with changes within 0.5%.

$Advanced Micro Devices(AMD.US)$ranks fourth and jumped 4.93% as Bank of America analyst Vivek Arya repeated his buy rating on AMD's shares. Arya believes the bears are overstating the competitive risks posed by rival chipmakers. Moreover, with AMD underperforming both the S&P 500 and the $PHLX Semiconductor Index(.SOX.US)$so far in 2021, he posits that its stock price has "catch-up potential" in the year ahead.

$NVIDIA(NVDA.US)$and $Microsoft(MSFT.US)$follows and both dropped slightly. Microsoft and $Alphabet-C(GOOG.US)$recently ended a years-long truce during which they agreed not to aim their substantial lobbying firepower against each other.

$Facebook Inc(FB.US)$dipped 1.19% and ranks seventh on the list. It may be breathing a sigh of relief thanks to a federal judge's decision to dismiss two antitrust suits against the social media giant. But legal experts say Facebook and other Big Techs need to buckle up, because the ride is far from over.

Chinese electric-vehicle maker $NIO Inc(NIO.US)$soared 5.68% as Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.

$Intellia Therapeutics(NTLA.US)$advanced 6.79% and ranks ninth. It announced after market close on Tuesday that it is floating a public offering of nearly 4.14 million shares of its common stock. Th company should earn gross proceeds of over $600 million from the issue.

$Micron Technology(MU.US)$fills the last spot on the list and gained 2.47%. Micron earnings leapt 129% to $1.88 a share in the fiscal third quarter, with sales up 36% to $7.42 billion, beating analysts' expectations.