Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.
Shopify Inc (NYSE: SHOP) is reportedly in talks to acquire a Canadian e-commerce startup Deliverr, which focuses on the fast-shipping of products in a matter of two days or less. The deal could be valued at $2 billion. Shares of Shopify were trading 2.31% higher during Thursday’s pre-market session.
AT&T (NYSE: T) reported quarterly sales of $38.10 billion, which beat the analyst consensus estimate of $29.53 billion by 29.04%. The business sale and revenue reduction at Business Wireline were somewhat offset by WarnerMedia's revenue increase. The adjusted EPS of $0.77 outperformed the $0.59 consensus. In Thursday's pre-market session, shares were trading 1.44% higher.
United Airlines Holdings Inc (NASDAQ: UAL) released disappointing first-quarter results, missing revenue projections by 1.44% coming in at a loss of $4.24 per share. The corporation anticipates returning to profitability in the second quarter. In the pre-market session on Thursday, United Airlines' stock gained 8.9%.
Tesla Inc's (NASDAQ: TSLA) first-quarter revenue increased by 81% year over year to $18.76 billion, beating the $17.76 billion projection. The electric vehicle manufacturer posted quarterly earnings of $3.32 per share, beating the consensus forecast of $2.26 per share. In the first quarter, Tesla produced 305,407 vehicles and delivered 310,048 units.
Carvana Co (NYSE: CVNA) recorded a 56% year-over-year growth in first-quarter revenue to $3.5 billion, beating the $3.39 billion forecast. Carvana reported a net loss of $506 million for the quarter. The company also announced a $1 billion common stock offering.
Blackstone Inc's (NYSE: NYSE:BX) quarterly earnings of $1.66 per share were 52.29% higher than the analyst expectation of $1.09 per share. This represents a 72.92% increase over the previous year's earnings of $0.96 per share. Blackstone Life Sciences Yield ("BXLS Yield"), the company's first royalty and structured credit-focused life sciences fund, closed yesterday.
Rite Aid Corporation (NYSE: RAD) confirmed it previously rejected a non-binding, off-market proposal from Spear Point Capital Management (Spear Point) to acquire all of the outstanding shares of the company’s common stock. The news sent shares over 27% higher Wednesday afternoon.
Alcoa Corp (NYSE: NYSE:AA) shares were trading 8.82% lower in Thursday’s pre-market session after the company reported first-quarter revenue growth of 14.7% year-over-year to $3.29 billion, missing the consensus of $3.44 billion.
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