Most Searched Ticker In Benzinga Pro $PIK
Happy Friday!
Straight from Benzinga newsdesk, hosts Brent Slava and Steve Krause bring you the market news and stocks to watch.
Today Steve and Brent are talking about:
- Quad Witching Day
- AMD - what is an index rebalance? what is an order imbalance? other stocks that were listed on S&P and Nasdaq imbalances: JD sell imbalance of ~2.3M shares, IRT ~14M share buy imbalance, VZ ~12M share buy imbalance, SWN ~12M share buy imbalance, NCLH ~8M share buy imbalance, TSLA ~4M share buy imbalance, F ~3M share buy imbalance
- NXTP - other metaverse plays: FB (last we heard, ticker will be changed to META in first-half of 2022) (Gene Munster on Mar 9 called stock the best way to play metaverse), WIMI, BHAT, IMMR, KOPN, MTTR, RBLX, VRAR, VUZI
- Space Plays: AKRX
Today's 5 Stock Ideas: AMD, PIK, ASTS, NXTP, PSO
- Advanced Micro Devices (AMD) - Shares have rebounded about $10 off a recent low of $100.27 set earlier this week. A trader highlighted on Twitter Thursday afternoon a large buy imbalance in AMD ahead of Friday's Nasdaq 100 rebalance.
- Kidpik (PIK) - Thursday's momentum-du jour play. After the stock closed up 158% on Thursday, shares continued their run Friday morning, up another 20%. This is a low-float issue with about 3 million shares in its float. On Thursday morning, the company announced a partnership with Disney (DIS) for the release of its Cheaper By The Dozen film on Disney+. The stock has been the most-searched ticker on Benzinga Pro over the last two sessions.
- AST MobileSpace (ASTS) - Considered a play on space. The company is a designer and manufacturer of satellites. Other stocks clumped in the space trade group include Astra Space (ASTR), Virgin Orbit (VORB) and Virgin Galactic (SPCE).
- NextPlay Technologies (NXTP) - A play on the metaverse. Traders had considered the stock a play on the metaverse since the summer of 2021; however, on Thursday, the company tweeted to highlight a launch event for the metaverse.
- Pearson (PSO) - A play on a potential near-term technical support level. Shares saw very heavy volume and a spike sharply higher midday Thursday. The odd price action followed an hour-long consolidation phase within a few pennies around the $10.70 level. Shares were indicated below that level, near the $10.50 level Friday morning.
Hosts:
Steve Krause Reach out to Steve at [email protected]
Sr. Reporter Benzinga Newsdesk
Brent Slava Reach out to Brent at [email protected]
Sr. Reporter, Head of Benzinga Newsdesk
pro.benzinga.com
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