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.
Twitter Inc (NYSE:TWTR) shares are trading 1.47% lower in Monday’s pre-market trading as news surfaced that Elon Musk will not be joining Twitter’s board of directors just six days after accepting the role.
Advanced Micro Devices Inc (NASDAQ:AMD) announced last week a definitive agreement to acquire Pensando Systems for approximately $1.9 billion before other adjustments. Shares are unaffected by the news, trading 8.16% lower over the last five trading sessions.
Tesla Inc (NASDAQ:TSLA) electric vehicle companies are trading lower during Monday’s pre-market session amid a report that all-brand vehicle sales in China fell 11.7% in March after increasing 18.7% in February, perhaps due to the recent spike of COVID-19 cases in Shanghai.
Shopify Inc (NYSE:SHOP) shares are trading 0.58% higher during Monday’s pre-market session amid a report that the company plans to propose a 10-to-1 stock split. The company recently partnered with Bitcoin (CRYPTO: BTC) payment app, Strike, to enable Shopify merchants to accept crypto globally.
Alphabet Inc Class A (NASDAQ:GOOGL) revealed its plans to invest more than $10 billion over the next five years to strengthen cybersecurity as the war in Ukraine has prompted cyber firms to bolster its protections state-side.
Nio Inc - ADR (NYSE:NIO) shares are trading 10.05% lower during Monday’s pre-market session as the electric vehicle maker announced it will be suspending production of its vehicles citing supply chain issues.
Sailpoint Technologies Holdings Inc (NYSE:SAIL) shares are trading 30.07% higher during Monday’s pre-market session as the company announced it would be acquired by Thoma Bravo for $65.25 per share in a deal valued at $6.9-billion.
Xpeng Inc - ADR (NYSE:XPEV) shares are trading 8.20% lower during Monday’s pre-market session following a report indicating total vehicle sales in China were significantly lower month-over-month.
NVIDIA Corporation (NASDAQ:NVDA) shares are trading 3.97% lower during Monday’s pre-market session as analysts at Baird downgraded the stock to Neutral, and lowered the price target from $360 to $225.
Also Read: Tesla, Nio And More: How Cathie Wood's Ark Shuffled EV Bets In Q1
