Benzinga's Daily Brief On Trending Tickers For March 22, 2022: Alibaba, Nike, Tesla 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.

Nike Inc NKE Shares are trading 5.08% higher after the company reported fiscal third-quarter 2022 revenue increased 5% year-over-year to $10.9 billion, which beat the $10.62 billion estimate. The company reported quarterly earnings of 87 cents per share, which beat the estimate of 71 cents per share.

Alibaba Group Holding Ltd BABA shares are trading 9.44% higher after the company raised its buyback program. The new share repurchase program increases the buybacks from $15 billion to $25 billion and will be effective over a two-year period, through March 2024.

Tesla Inc TSLA: Jefferies maintained its 2022 volume estimate almost unchanged but increased its average selling price estimate for Tesla, which increased its revenue estimate by 2% to $89 billion and GAAP EBIT by 14% to $12.8 billion. The firm expects Tesla to generate free cash flow of $10 billion and $14 billion, respectively in 2022 and 2023.

Ford Motor Company F announced on Monday that Apple's electric vehicle routing feature for Apple Maps is now available on its Mustang Mach-E vehicles.

AMC Entertainment AMC shares are up 15.35% over the last five trading days after the company announced a $27.9 million stake in Hycroft Mining Corp.

Amazon.com AMZN and Helbiz Media HLBZ announced Tuesday that Helbiz Live will be available on Amazon Prime Video on April 2, following the recently completed technology integration.

Apple Inc AAPL: The Apple Watch is being accused by AlivCor of modifying the heart rate algorithm that made it difficult for third parties to inform a user when to take an ECG or electrocardiogram.
Skyline Champion Co. SKY shares traded 6.2% lower during mid-day trading on Monday following insider selling activity.