Direxion Daily TSLA Bull 2X Shares (TSLL) surged 5.01% during intraday trading on Wednesday, reflecting amplified gains from its underlying asset.
The leveraged exchange-traded fund's movement closely tracks Tesla stock, which rose in early trading after Bank of America upgraded the electric vehicle maker from Hold to Buy. BofA cited Tesla's leadership in consumer autonomy and set a price target of $460 per share, providing a catalyst for the stock's upward move.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.