Benzinga's Daily Brief On Trending Tickers For April 8, 2022: SoFi, Tesla, Taiwan Semiconductors And More

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.

Tesla Inc TSLA CEO Elon Musk hosted the “cyber rodeo,” the grand opening event for Tesla’s Texas Giga factory. Musk noted the production for Cybertruck will begin in 2023. The CEO also teased a dedicated “robotax”’ service that would feature autonomous Tesla taxis. 

Aterian, Inc. ATER rose 19% to $4.60 during Friday’s premarket session as the stock may be under a short squeeze. The company is the top Reddit short squeeze mention on Friday.

SoFi Technologies Inc SOFI is trading 14.16% lower over the last five trading sessions as President Joe Biden extends the student loan moratorium.

MedAvail Holdings, Inc. MDVL rose 29.1% to $1.82 in pre-market trading. MedAvail shares jumped 64% on Thursday after Ally Bridge Group reported a purchase of roughly 21.176 million shares of MedAvail Holdings for an average price of $1.06 per share.

Mobiquity Technologies, Inc. MOBQ fell 8.6% to $2.02 in premarket trading. Mobiquity recently said it has been selected by A-Nation as its data and programmatic advertising provider.

Houghton Mifflin Harcourt Co HMHC, a learning technology company, completed its sale to private equity investment firm Veritas Capital in a deal valued at $2.8 billion.

New Oriental Education & Tech Grp EDU completed its 1-for-10 stock split and is trading 3.97% lower during Friday’s premarket session.

Taiwan Semiconductor Manufacturing Co Ltd's TSM first-quarter FY22 revenue jumped 36% to $491.1 billion. Higher demand for smartphones, computers, and car chips and the ongoing semiconductor crisis helped boost prices.

Sunshine Biopharma, Inc. SBFM is trading 16.89% lower during Friday’s premarket session following a filing from the company. In a tweet later Friday, the company said it's registration statement was now effective.