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.
Amazon.com, Inc (NASDAQ:AMZN) shares are up 1.93% during Monday’s morning session as the company’s 20–1 stock split is effective as of this June 6. Each share is around the $125 mark.
Morgan Stanley analyst Brian Nowak maintained Amazon with an Overweight rating and adjusted the price target to $175.
DiDi Global Inc - ADR (NYSE:DIDI) shares soared 55% on Monday morning following a report suggesting Chinese authorities will conclude a regulatory probe and lift a ban on new users for the company.
Also Read: Why Nio Stock Could Soar 50% Higher If This Trend Continues
Alibaba Group Holding Ltd - ADR (NYSE:BABA) shares are up almost 7% on Monday, trading in tandem with DiDi Global on the regulatory probe news.
Novavax, Inc. (NASDAQ:NVAX) On Friday, shares plummeted as U.S. regulators expressed concerns about the company's anticipated Covid-19 vaccine. The FDA revealed some heart concerns with the shot, in documents released ahead of a conference with specialists on Tuesday, however, the agency remained upbeat about its effectiveness against the omicron variant and more severe disease.
Yumanity Therapeutics Inc (NASDAQ:YMTX) Yumanity's stock soared more than 50% on Monday after the company announced that it had reached an agreement to sell its lead clinical-stage product candidate, YTX-7739, as well as discovery-stage neuroscience candidates to Janssen Pharmaceutical NV, a unit of Johnson & Johnson (NYSE:JNJ), for $26 million.
Solaredge Technologies Inc (NASDAQ:SEDG) shares are trading 6.25% higher on Monday following news that President Biden will sign a proclamation permitting the import of solar panels from numerous countries without tariffs for 24 months
