Why These 5 Stocks Are Trending on Monday

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1. Tesla, Inc. (NASDAQ:TSLA) is up 7.5% as of 10:49 AM ET after the electric vehicle company announced its plan to request shareholders to give the go-ahead to an increase in the number of authorized shares of common stock through an amendment to the company’s Amended and Restated Certification of Incorporation. In case of approval, Tesla, Inc.’s (NASDAQ:TSLA) planned stock split can be carried out at the 2022 Annual Shareholder’s Meeting. The shareholders will receive the common stock following the split as a dividend. As of Q4 2021, Tesla, Inc. (NASDAQ:TSLA) was held by 91 hedge funds, with a combined value of $12.91 billion. On a sequential basis, the number of hedge funds having a position in Tesla, Inc. (NASDAQ:TSLA) has increased by 31 or more than 51%.

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