Investors Pile Into Tesla, as Stock Purchases Soar

Jun 22, 2023 thejournalbiz

Individual investors ratcheted up net buying of U.S. stocks and exchange-traded funds in the past week, with purchases of Tesla shares leading the way.

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Investors Pile Into @Tesla

Average net daily inflows into U.S. equities in the past week topped $1.5 billion for the first time since mid-February, according to data from Vanda Research.#tesla #TeslaAi pic.twitter.com/wXzxogFUFo

— The_Journalbiz (@the_journalbiz) June 22, 2023

Vanda Research chart

According to data from Vanda Research, average net daily inflows into U.S. equities in the past week topped $1.5 billion for the first time since mid-February.

According to Vanda, individual investors bought $1.5 billion of Tesla shares on a net basis in the five sessions that ended Wednesday.

Certain stocks saw an influx of retail activity in the past week, with bitcoin miner Marathon Digital and electric-vehicle maker Rivian Automotive among the leaders in terms of increased volume