Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web by using 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): To beat market expectations on March 17 earnings, GameStop will need to report EPS above 84 cents. This target is more than 37% lower than what the company reported for the same quarter last year.
Barclays (LON:BARC) iPath Series B S&P 500 VIX Short-Term Futures (BATS: VXX): Barclays has halted new share creations of the iPath Pure Beta Crude Oil ETN (ARCA: OIL) and the iPath Series B S&P 500 VIX Short-Term Futures ETN Monday morning, becoming the latest exchange-traded products to close its doors to new cash in recent weeks.
Alibaba (NYSE:BABA) Group Holding Ltd (NYSE: BABA) Shares of Alibaba extended losses for a third straight day in Hong Kong on Tuesday, hurt by fears of global repercussions if China was seen as supporting Russia over its invasion of Ukraine.
AMC Entertainment (NYSE: AMC) CEO Adam Aron announced a 22% stake in Hycroft Mining Holding Corp (NASDAQ: HYMC) which holds the 71,000 acre Hycroft Mine in northern Nevada. In addition, AMC will receive an additional 23.4 million warrants in Hycroft at $1.07 per share.
Tesla Inc (NASDAQ: TSLA) raised prices on all its vehicles after CEO Elon Musk said costs were increasing at the companies he runs. According to Tesla’s website, the cheapest Model 3 in the U.S. is now $46,990.
ARK Innovation ETF (ARCA: ARKK): According to Bloomberg data, the Ark Innovation Fund has notched four straight weeks of inflows totaling $850 million, despite the fund being down more than 35% year-to-date.
Nio Inc (NYSE: NIO): Shares of several Chinese stocks including Nio are trading lower in Tuesday’s premarket session amid a COVID-19 outbreak in the country which has caused some business operations to cease.
Apple Inc. (NASDAQ: NASDAQ:AAPL): Kevin O'Leary, known as "Mr. Wonderful," said Apple is “starting to look interesting.” Apple’s stock Monday lost close to 3% to settle at $150.62.
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