Benzinga | Jun 22, 2021 08:46AM EDT

Benzinga Pro's Top 5 Stocks To Watch For Tuesday, Jun. 22, 2021: SPLK, TRCH, ALF, KCAC, XAIR

Today's 5 Stock Ideas

* Splunk (SPLK) - Shares were up about 7% during Tuesday's pre-market session following news of a $1 billion investment by technology fund Silver Lake.

* Torchlight Energy Resources (TRCH) - The most searched ticker on Benzinga Pro over the last 24 hours. The stock closed up nearly 60% on Monday following news of an extension to its closing date for the proposed deal with Metamaterial. Monday afternoon, the company announced an amendment to its At-The-Market offering deal with Roth Capital. The offering was raised from $100 million to $250 million. Shares were down 3% ahead of the open Tuesday.

* ALFI (ALF) - The stock was up 12% Tuesday morning following exclusive Benzinga reporting the company will buyback up to $2 million of its stock. Company CEO told Benzinga ALFI's stock is "undervalued based on pipeline projections and identified opportunity."

* Kensington Capital Acquisition Corp II (KCAC) - CEO and Chair of the company's special purpose acquisition corporation (SPAC) merger partner, Wall Box, will appear on Benzinga's "SPACs Attack" YouTube show Tuesday at 11:15 a.m. EDT.

* Beyond Air (XAIR) - Shares were up 13% Tuesday morning following the open market purchase of 350,000 shares by a company director. The purchase was valued at more than $1.87 million.