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 Corp GME Boston Consulting Group recently sued GameStop for $30 million in alleged unpaid consulting fees. Chairman Ryan Cohen has been vocal on Twitter, saying BCG has picked a fight with the wrong company.
Advanced Micro Devices AMD Barclays analyst Blayne Curtis downgraded AMD from Overweight to Equal Weight with a 3.54% downside target of $115. Curtis believes each segment of the business is running at unsustainable levels, which poses a risk to the growth trajectory of the company.
AMC Entertainment Holdings Inc AMC is trading 16.15% off of the March 29 highs due to recent profit-taking following the mini meme stock boom within the last week. Shares of AMC roared 52.2% before a sell-off ensued.
Tesla Inc TSLA Electric vehicle stocks popped Thursday amid a report that President Joe Biden may invoke the Defense Production Act. The act gives the White House the authority to force private businesses to prioritize government orders.
Hasbro, Inc. HAS The company announced it will release first-quarter earnings on April 19. Hasbro is in a proxy battle with activist investor Alta Flox Capital in which Alta wants a seat on the company board, as it owns a 2.5% stake in the company.
Tilray Inc TLRY The company announced it will release its third-quarter earnings report on April 6.
Barclays Bank iPath Pure Beta Crude Oil OIL Shares are trading 4.19% lower during Thursday’s premarket session amid a sell-off in crude oil. WTI crude is trading 5.75% lower.
Amazon.com, Inc. AMZN A report from Dynatrace released Thursday shows the software intelligence company is entering a strategic partnership with Amazon Web Services to provide “solution development and enhance Amazon’s go-to-market partnership with joint activities such as events, sponsorships, and customer solutions workshops.”
Sundial Growers Inc SNDL Sundial announced it completed its acquisition of Alcanna in a deal worth $255.55 million paid in cash and stock.
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