Stocks making the biggest moves midday: Goldman Sachs, Avis, Rivian, Nike and more

Check retired the companies making headlines successful midday trading.

Goldman Sachs — Shares declined 2.2% successful midday trading. This past weekend, the steadfast followed different banks including UBS and Bank of America successful cutting its forecast for economical maturation successful China.

Avis — The car rental institution surged much than 6%. Morgan Stanley upgraded Avis to overweight earlier connected Tuesday.

Chevron, Exxon Mobil — Energy giants Chevron and Exxon slipped much than 2% each successful midday trading. News of uncertainty astir lipid demand successful China pushed the terms of Brent and U.S. West Texas Intermediate crude futures little connected Tuesday.

Nike — Shares of the sports apparel institution slid astir 3%. On Monday, UBS said that it expects Nike's guidance for full-year 2024 volition autumn abbreviated of expectations. "We expect this benignant of usher causes the marketplace to revise its NKE net expectations lower," expert Jay Sole wrote. He trimmed his terms people to $145 from $155, but maintained a bargain standing connected shares. The institution volition station its fiscal fourth-quarter results connected June 29.

Rivian — Shares of the electrical conveyance roseate much than 4% aft Rivian announced that its customers volition person entree to the Tesla charging web successful 2024. Rivian's announcement follows similar moves from Ford and GM.

Intel — Shares were trading 3.8% little Tuesday. A time earlier, Intel announced it would walk much than 30 cardinal euros, oregon astir $33 billion, connected 2 semiconductor plants successful Germany. In an statement with Intel, the state volition besides connection a 10 cardinal euro subsidy package, Bloomberg reported.

Dice Therapeutics — Shares surged 37% aft Eli Lilly said it was acquiring the biopharmaceutical company for $2.4 billion. Eli Lilly volition wage $48 per share, which is astir 40% higher than wherever shares closed connected Friday.

Alibaba — The Chinese telecommunications banal pulled backmost astir 5% Tuesday. Alibaba announced earlier successful the time that president and main enforcement Daniel Zhang would measurement down successful aboriginal September.

Atmus Filtration — Shares roseate 5.5% aft Wall Street firms Goldman Sachs, Bank of America, JPMorgan and Wells Fargo initiated sum astatine buy oregon equivalent ratings. The banal debuted connected the nationalist markets past month.

Sofi Technologies — Shares fell 1.2% connected Tuesday. SoFi banal has surged much than 70% implicit the past period aft a indebtedness ceiling woody betwixt the Biden medication and Congress included a program for pupil indebtedness repayments to restart arsenic soon arsenic August.

C3.ai —The artificial quality banal fell 2.2% connected Tuesday. The institution is acceptable to big its investor conference connected Thursday successful New York City.

— CNBC's Jesse Pound, Alex Harring and Michelle Fox Theobald contributed reporting