These 5 stocks that are drawing attention

Major Wall Street indices closed in the red, led by a rise in yields that dragged stocks. The comments made by Federal Reserve Vice Chair for Supervision Michael Barr about the banking crisis, as well as by investors and traders.

What Happened: Barr cited the failure of the Silicon Valley Bank as a textbook case of mismanagement and has proposed tightening of banking rules, according to Financial Times.

The Nasdaq Composite declined 0.45%, while the S&P 500 ended 0.16% lower. The Dow lost 0.12%.

The five stocks that are drawing investors attention are the following:

The shares of the company, Tesla Inc. TSLA, were 1.37% lower. The U.S. auto safety regulators said on Tuesday they were investigating 50,000 Tesla Model X vehicles after two complaints about front seat belt failures.

Micron Technology Inc MU: Shares of the company were 0.85% lower. Micron reported revenue of $3.69 billion in the second quarter, down from $7.79 billion in the same period last year. The revenue came in under the consensus estimate of $3.72 billion, according to Benzinga Pro.

After news that the company proposed revamping its operations in its most significant corporate restructuring, the shares of the company closed 14.26% higher on Tuesday. Alibaba is going to reorganize its businesses into six independently run entities.

Lululemon Athletica Inc LULU: Shares of the company increased 13.12% in extended trading. Lululemon reported revenue of $2.77 billion, up 30% year-over-year. The revenue total beat the estimate of $2.70 billion, according to data from Benzinga Pro.

Lucid Group Inc LCID: Shares of the company closed 7.25% lower on Tuesday after reports that it is looking to trim 18% of its workforce. The lay-off is expected to affect all levels of the organization, including executives.

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