Benzinga's Daily Brief On Trending Tickers For April 11, 2022: Shopify, Twitter, Sailpoint Technologies, 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.

Twitter Inc 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 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 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 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 BTC/USD payment app, Strike, to enable Shopify merchants to accept crypto globally.

Alphabet Inc Class A 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 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 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 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 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