Stocks making the biggest moves midday: Carvana, Meta, Palantir, Viatris, Walgreens and more

Check retired the companies making the biggest moves midday:

Carvana — Carvana shares shed much than 15%, with trading briefly halted astatine 1 constituent owed to volatility. The sell-off comes aft the used-car seller's worst time ever connected Friday, erstwhile the institution had an net miss and Morgan Stanley pulled its standing and terms people for the stock.

Meta Platforms — Shares of Facebook proprietor Meta jumped 4.7% pursuing a Wall Street Journal study implicit the play saying the institution could commencement mass layoffs arsenic soon arsenic Wednesday. The layoffs could interaction thousands of employees, according to the Journal. The institution said it had 87,000 employees arsenic of the extremity of September.

Walgreens Boots Alliance — The drugstore chain's banal gained 4% aft it said it would invest $3.5 billion to enactment VillageMD's acquisition of urgent attraction supplier Summit Health. Walgreens raised its fiscal twelvemonth 2025 income extremity for its U.S. health-care concern to $14.5 cardinal to $16.0 billion, from $11.0 cardinal to $12.0 cardinal to relationship for the deal.

Redfin — Redfin's banal dropped 15% aft Oppenheimer downgraded to shares to underperform from perform. The concern slope said the online existent property company's concern exemplary is flawed.

Berkshire Hathaway — Shares of Warren Buffett's conglomerate roseate much than 1% aft the institution posted a 20% summation successful operating profits during the 3rd quarter. Berkshire besides spent $1.05 cardinal successful stock repurchases during the quarter. The Omaha-based institution suffered a $10.1 cardinal nonaccomplishment connected its investments during the 3rd quarter's marketplace turmoil, however.

Viatris — The planetary health-care institution rallied 16% aft it announced it intends to make an ophthalmology franchise by acquiring Oyster Point Pharma and Famy Life Sciences. Viatris besides posted its quarterly results, with gross falling abbreviated of estimates.

Funko – Shares of Funko jumped 18% arsenic investors bought backmost into the name. The toymaker's shares shed astir 60% past Friday aft it delivered disappointing quarterly results and issued a anemic guardant guidance that included a fourth-quarter loss.

Palantir — Palantir's banal dropped much than 12% aft the company's third-quarter net missed expert estimates, though it bushed connected revenue. In effect to the bundle company's report, Citi said it sees "further downside to PLTR with accelerated decelerating growth" arsenic good arsenic continued uncertainty astir authorities spending.

DoorDash — Shares of the nutrient transportation institution rallied 2.5% aft being upgraded by Oppenheimer to outperform from perform. The steadfast cited improving margins for DoorDash.

Boston Beer — Boston Beer fell 1.3% aft Morgan Stanley initiated coverage of the banal with an underweight rating. Its expert said it is acrophobic astir maturation prospects arsenic malt-based hard seltzers proceed to diminution and determination has been a "dizzying array" of new competition.

Sea Limited — Shares of Sea Limited rallied 8.6% aft being upgraded to overweight from neutral by JPMorgan, who said it sees a "swift" betterment successful profitability.

Ryanair — Shares of the planetary hose traded up 2% aft the company reported grounds after-tax nett for the archetypal six months ending successful September.

Energy stocks — Energy stocks led gains successful the S&P 500, with the assemblage up 1.7% successful the broader marketplace scale pursuing a popular successful the terms of natural state futures. Shares of EQT, Baker Hughes and Occidental Petroleum outperformed, up 8.8%, 4.6% and 3.3%, respectively.

— CNBC's Carmen Reinicke, Alexander Harring, Yun Li and Sarah Min contributed reporting.