Stocks making the biggest moves midday: Change Healthcare, Ford, PayPal, Humana and more

Check retired the companies making headlines successful midday trading Tuesday.

Change Healthcare – Shares of Change Healthcare jumped 6.4% aft a national justice said that UnitedHealth cannot instrumentality implicit the company. UnitedHealth slipped Tuesday connected the news.

Ford — The car giant's banal dropped 10.6% aft the institution told investors that its third-quarter costs were $1 cardinal much than expected owed to inflation and proviso concatenation issues. Ford's operations were besides impacted by a dock idiosyncratic onslaught successful the UK that began Tuesday.

PayPal – The payments banal dropped 3.3% aft Susquehanna downgraded PayPal to neutral from positive. Susquehanna said the maturation of PayPal's Braintree portion is apt to wounded wide margins.

BioNTech, Moderna — Shares of vaccine makers rebounded aft slipping Monday, erstwhile President Joe Biden made a remark that the pandemic was over. BioNTech roseate 1.2%, and Moderna gained 3.4%.

Humana – Shares of wellness institution Humana gained 1% and touched an all-time precocious a time aft the institution raised its net guidance for the fiscal year. The institution was besides upgraded by Morgan Stanley, who said it could beryllium the apical retail cause program for Medicare Advantage.

Cognex — Shares of instrumentality imaginativeness systems shaper Cognex jumped astir 7% aft the institution raised its gross outlook for the existent quarter. The updated gross comes aft the institution recovered faster than expected from a occurrence astatine 1 of its superior manufacturers.

Oxford Industries — The genitor of Tommy Bahama and Lily Pulitzer surged 6.8% aft making a $270 cardinal acquisition that volition boost earnings, and raising its third-quarter forecasts.

Olin — The manufacturing institution fell 4.6% aft issuing its third-quarter EBITDA guidance. Olin sees third-quarter adjusted EBITDA of $530 cardinal to $550 million, down astir 15% from the 2nd quarter.

Apogee Enterprises - The gathering materials shaper rallied 5.5% aft net topped expert estimates and it raised its fiscal forecasts.

Nike – Shares of the diversion apparel retailer fell astir 4% aft Barclays downgraded the banal to adjacent value from overweight. The steadfast pointed retired that Nike's continued volatility successful China and request erosion successful North America and elsewhere could measurement connected shares.

Western Digital – Shares of Western Digital slipped 2.4%, touching a caller 52-week low, aft Deutsche Bank downgraded the retention institution to clasp from buy, citing softening demand.

Wynn Resorts, Las Vegas Sands — Casino stocks were the outperformers successful the S&P 500 connected Tuesday, with Wynn Resorts advancing 3.6% and Las Vegas Sands up 2%. They were among conscionable 15 stocks successful the broader marketplace scale trading successful affirmative territory, according to FactSet.

MicroStrategy – Shares of bundle institution MicroStrategy fell 4.6% aft the institution announced that it made its smallest acquisition of Bitcoin successful 2 years. The institution bought 301 bitcoin for astir $6 million, according to a Tuesday filing.  

General Motors – Shares of GM slipped 4% aft the institution announced it plans to merchantability up to 175,000 electrical vehicles to car rental institution Hertz done 2027.

— CNBC's Jesse Pound, Tanaya Macheel, Scott Schnipper Sarah Min and Alex Harring contributed reporting