Benzinga's Daily Brief On Trending Tickers For April 4, 2022: Twitter, AMD, Alibaba And More

Zinger Key Points
  • AMC Entertainment CEO Adam Aron looks to deliver maximum shareholder value by making a series of “distressed investments” similar to the Hycroft Mining deal.
  • Alibaba Group 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.

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 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 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 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 AMC CEO Adam Aron looks to deliver maximum shareholder value by making a series of “distressed investments” similar to the Hycroft Mining 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 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 Group Holding Ltd - ADR 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 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 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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Penny StocksCrowdsourcingTrading IdeasGeneralRedditwallstreetbets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!