Stocks making the biggest moves midday: Carvana, Icahn Enterprises, Novavax, Fisker and more

Check retired the companies making headlines successful midday trading.

Carvana — Shares soared 10% successful midday trading. The institution said connected Monday it expected exponential maturation wrong its utilized electrical conveyance conception arsenic user request for EVs skyrocket.

Lucid — The luxury electrical conveyance institution added 3.4%. Lucid has gained much than 15% since January, and has added astir 34% since hitting its 52-week debased connected June 23.

Shockwave Medical – Shares of the aesculapian instrumentality shaper jumped 5.8% pursuing an upgrade to overweight by Morgan Stanley. The Wall Street said said statement expectations are misjudging imaginable catalysts that could amended the income outlook for its cardinal product.

DraftKings — The sports betting banal climbed 6.6%. Jefferies included DraftKings connected its database of stocks acceptable to payment arsenic they attack profitability, and highlighted the company's effort to penetrate "a captious wide of states."

Cava — Shares of the Mediterranean edifice concatenation roseate much than 9% connected Monday aft JPMorgan initiated sum of Cava with an overweight rating. The concern steadfast that they recently nationalist Cava has the concern exemplary and marketplace accidental to grow rapidly implicit the adjacent decennary and a half.

Icahn Enterprises — Shares jumped 17.6% aft the institution said successful a filing it has amended the presumption of Carl Icahn's idiosyncratic loans to abstracted them from the trading terms of his company's shares. The contented was highlighted by abbreviated seller Hindenburg successful a probe note, which had triggered a melodramatic sell-off successful the stock.

Fisker — Fisker roseate 2% aft the electrical conveyance shaper said it's issuing a $340 cardinal convertible enactment offering. Fisker said it plans to usage the superior for wide firm purposes, including an further artillery battalion enactment and different products.

Novavax — The biotech banal gained 25%. On Friday, the institution disclosed successful a securities filing that it would person $350 cardinal from Canada for unused Covid-19 vaccines.

— CNBC's Jesse Pound, Sarah Min, Yun Li and Samantha Subin contributed reporting.