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 (NYSE:GME) Shares cratered 8.92% in premarket trading on Friday after GameStop reported quarterly losses of $1.86 per share. The company also reported quarterly sales of $2.25 billion, which beat the analyst consensus estimate of $2.22 billion by 1.5%. This is a 6% increase over sales of $2.12 billion in the same period last year. The company is expected to launch its long-awaited NFT Marketplace in July 2022.

Tesla Inc (NASDAQ:TSLA) In response to the recent COVID-19 outbreak in Shanghai, Tesla is attempting to keep production going at the factory while complying with China's COVID-19 precautions.

China’s National Health Commission announced on Saturday that another 1,524 locally transmitted coronavirus cases had been detected in provinces across mainland China.

AMC Entertainment (NYSE:AMC) Shares of AMC are down 1.18% in premarket trading Friday in sympathy with GameStop, as GameStop posted surprise losses for the quarter.

Hycroft Mining Holding Corporation (NASDAQ:HYMC) rose 13% to $1.56 in premarket trading. Hycroft Mining’s amended 13D filing from Mudrick Capital showed the fund raised stake from 24.4 million shares to 37.7 million shares.

Alibaba Group Holding Ltd (NYSE:BABA) Great Hill Capital chairman Thomas Hayes told Yahoo Finance: "I think you're going to see China stocks rip for the next eight or 12 months into the China National Congress elections,” in a bullish nod to Alibaba stock.