Stocks making the biggest moves midday: Dollar Tree, Amazon, FedEx and more

Check retired the companies making headlines successful midday trading.

Amazon — Shares of the online retail elephantine slumped 1.3% aft the Federal Trade Commission said it was suing Amazon implicit allegations of deceptively pushing customers to motion up for Prime and frustrating their efforts to cancel.

FedEx — The transportation institution fell 1.7% aft quarterly gross missed expectations and announced CFO Mike Lenz would discontinue connected July 31. The institution posted gross astatine $21.93 billion, beneath the statement estimation of $22.67 billion, according to Refinitiv. Adjusted net were amended than expected astatine $4.94 per stock against the anticipated $4.89, portion guardant guidance was astir flat.

Coinbase, Riot Platforms — Coinbase added 2.1%, portion crypto miner Riot popped 4.7%. The jumps travel contempt aggregate challenges for Coinbase precocious including disagreements with the Securities and Exchange Commission and BlackRock's motorboat of a bitcoin exchange-traded fund.

MicroStrategy — Shares of the endeavor bundle institution jumped much than 5%. The determination coincides with a 7% popular successful bitcoin. MicroStrategy has made a large stake successful the cryptocurrency.

Tesla — The electrical conveyance shaper slid 4.2% pursuing a downgrade to adjacent value from overweight by Barclays. The steadfast said it whitethorn beryllium clip to instrumentality profits aft caller outperformance. Rivian tumbled 6.7%, a time aft the institution said customers would person entree to Tesla's charging web beginning adjacent year

GlaxoSmithKline — Shares moved 1.3% higher aft the biopharma institution said its respiratory syncytial microorganism vaccine to support adults ages 60 and older remained effectual crossed 2 RSV seasons.

Petrobras — U.S. shares of the Brazilian lipid elephantine gained 4.2% aft Goldman upgraded them to buy. The Wall Street slope said the institution inactive has an charismatic valuation and mitigated risks marque the banal inactive worthy buying contempt its caller outperformance.

OneSpaWorld — The spa institution traded up 1.1% connected the backmost of an upgrade to bargain from clasp by Loop, which noted its exclusive rights to service large cruise lines.

Walt Disney — Shares of the media elephantine fell 1.3%, putting them connected way for their 3rd consecutive league with a diminution of much than 1%. Influential Needham expert Laura Martin said successful a enactment to clients that sentiment astir Disney is becoming much negative, questioning the company's semipermanent plans with CEO Bob Iger acceptable to discontinue astatine the extremity of 2024.

Advanced Micro Devices — Shares of the chipmaker pulled backmost astir 5%, connected way for their biggest intraday nonaccomplishment successful 2 weeks. AMD has had a immense tally this twelvemonth amid optimism towards artificial intelligence. The banal is inactive up much than 70%.

Palantir Technologies — Palantir Technologies slid 7% during midday trading on with different notable AI beneficiaries. On Tuesday, the bundle banal was downgraded to outperform from beardown bargain astatine Raymond James, which cited its caller rally. Palantir is higher by 128% this year.

Dollar Tree — Shares of Dollar Tree popped much than 3% aft the discount retailer reiterated its fiscal second-quarter 2023 net guidance. The institution expected quarterly net betwixt 79 cents per stock and 89 cents per share. It besides maintained its full-year outlook for the fiscal year.

Uniqure — The Netherlands-based cistron therapy banal dropped 38.7% aft the institution gave an update connected a late-stage proceedings for a imaginable therapy for Huntington's Disease. On Tuesday, the institution said it deed a $100 cardinal milestone related to its archetypal commercialized merchantability of Hemgenix, which is utilized successful the attraction of adults with hemophilia B.

— CNBC's Yun Li, Michelle Fox, Jesse Pound, Sarah Min and Brian Evans contributed reporting