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Instacart (CART) closes the day in the green, up about 12 percent, closing near $34 a share after making its trading debut.

AutoZone (AZO) shares closed lower. Despite the company's fourth quarter earnings beating expectations on the top and bottom lines, AutoZone saw slowing growth in its domestic commercial business.

Rocket Lab (RKLB) shares slip as the company's Electron rocket malfunctioned after lifting off. Its next flight, which was scheduled for the end of the quarter, will be delayed.

Yahoo Finance Live takes a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.