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) Elon Musk will accept a role on Twitter’s board of directors as investor interest remains high on the social media platform. Musk disclosed a 9.2% stake in the company, making him the largest individual shareholder.
GameStop Corp. (NYSE:GME): Meme stocks rallied last week on the news of a proposed GameStop 3-to-1 stock split. The video game retailer is expected to release earnings on June 15. In the last year, the company has posted an average loss of $5.23 per share.
Advanced Micro Devices, Inc. (NASDAQ:AMD): The chip-making giant recently completed a $1.9-billion acquisition of software firm Pensanado Systems in an effort to expand its data center capacities.
Tesla Inc (NASDAQ:TSLA): While the Shanghai Giga factory remains closed due to a COVID-19 outbreak, Tesla is set to have its grand opening of Giga Texas on April 7.
AMC Entertainment Holdings 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.
Aterian Inc (NASDAQ:ATER) stock rose 35.70% over Monday’s trading session with no news released on the company, suggesting a potential short squeeze.
Alibaba Group Holding Ltd - ADR (NYSE:BABA) shares are trading 1.45% lower in Tuesday’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.
Ford Motor Company (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.
