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.
GameStop Corp (NYSE: NYSE:GME) shares spiked last week amid retail investor interest, dominated by the news of the company seeking shareholder approval for a potential stock split. The stock has since settled into its previous trading range.
Twitter Inc (NYSE: NYSE:TWTR) shares are up 20.38% in Monday’s premarket session as Tesla CEO Elon Musk disclosed the purchase of 73,486,938 shares of Twitter, constructing a 9.2% passive stake in the social media giant.
Tesla Inc (NASDAQ: TSLA) the company recently reported it produced and delivered over 300,000 vehicles in the first quarter of 2022, up 70% from the same quarter last year.
AMC Entertainment Inc (NYSE: AMC) CEO Adam Aron looks to deliver maximum shareholder value by making a series of “distressed investments” similar to the Hycroft Mining (NASDAQ: HYMC) deal. A tweet, last week from Charles Gasparino of Fox Business said Aron is considering up to six new deals valued at around $500 million.
Advanced Micro Devices, Inc (NASDAQ: NASDAQ:AMD) announced its acquisition of software development company Pensadao Systems in a deal valued at $1.9 billion. The acquisition is expected to enhance AMD’s data center capacity.
Alibaba (NYSE:BABA) Group Holding Ltd - ADR (NYSE: BABA) shares are trading 4.49% higher in Monday’s premarket session as news of a potential rule change would allow Chinese companies to comply with U.S. regulators, lowering the risk of delisting.
Nio Inc - ADR (NYSE: NIO) is trading in sympathy with Alibaba as the news of potential compliance with U.S. regulators has delivered relief to Chinese stocks.
Ford Motor Company (NYSE: NYSE:F) will deliver its first-quarter earnings report on April 27. Analysts expect earnings of 43 cents per share for a decline of 51.69% year-over-year. Revenue estimates are $30.56 billion, 8.93% lower than the same period last year.
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