Benzinga's Premarket Brief On Trending Tickers: Amazon, Alibaba, DiDi, Solaredge, 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.

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