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 (NYSE: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 (NYSE: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 (NASDAQ: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 (NYSE: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 (NYSE: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 (NASDAQ:AMZN) and Helbiz Media (NASDAQ:HLBZ) announced Tuesday that Helbiz Live will be available on Amazon Prime Video on April 2, following the recently completed technology integration.
Apple Inc (NASDAQ: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. (NYSE:SKY) shares traded 6.2% lower during mid-day trading on Monday following insider selling activity.
