Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta & more

Check retired the companies making headlines successful midday trading Friday.

Albertsons — Shares of the Safeway proprietor dropped 7% connected quality that Kroger has agreed to acquisition Albertsons successful a deal valued astatine $24.6 billion, oregon $34.10 a share. Kroger's shares slipped 4.8%.

JPMorgan Chase — The slope gained 2.8% after topping estimates for the caller quarter. JPMorgan Chase said nett involvement income surged 34% to $17.6 cardinal successful the play owed to higher rates.

Morgan Stanley — Morgan Stanley's banal slumped 4.6% after the slope posted weaker-than-expected third-quarter earnings. Revenue besides fell abbreviated of expectations arsenic a effect of a diminution successful concern banking.

Citigroup — Citigroup roseate much than 1% after its third-quarter gross climbed much than analysts expected, helped by rising involvement rates. Citi's net per stock besides topped Wall Street expectations. However, its net fell 25% from the year-earlier play arsenic it bulked up its recognition nonaccomplishment provisions and concern banking slumped.

Wells Fargo — The slope banal was up 3% aft Wells Fargo reported quarterly net and gross that topped analysts' expectations. The beardown numbers came adjacent aft Wells acceptable speech $784 cardinal for recognition losses. CEO Charlie Scharf said the slope is positioned good to proceed to payment from higher rates.

Delta Air Lines – The hose got a 3% assistance aft Cowen upgraded its shares, citing betterment successful the question industry, which has seen accrued concern and planetary question with the easing of pandemic restrictions.

Nasdaq — The speech operator's banal dropped 5% pursuing a treble downgrade to underperform by Bank of America. Among the reasons for the downgrade, the slope cited Nasdaq's premium valuation and 2023 headwinds apt expected to measurement connected net per share.

Beyond Meat — Shares declined 6.8% aft Beyond Meat said it plans to chopped 19% of its workforce arsenic the plant-based nutrient institution struggles with falling sales. Several apical executives are leaving, including main operating serviceman Doug Ramsey — who was arrested aft allegedly biting a man's nose.

Tesla — Tesla shares fell much than 6% aft a Wells Fargo expert trimmed its terms people connected the electrical conveyance banal to $230 from $280 a share. The expert cited interest implicit higher involvement rates for the people cut.

UnitedHealth Group – Shares of the wellness insurer roseate 1.2% aft the institution reported a bushed connected some the apical and bottommost enactment for the 3rd quarter, helped by little costs for Covid-related investigating and treatments. UnitedHealth besides raised its fiscal outlook.

US Bancorp - Shares of US Bancorp roseate 3.7% aft the bank's third-quarter net came successful supra Wall Street expert expectations. The steadfast reported earnings-per-share of $1.18, excluding items, compared to a StreetAccount estimation of $1.15, and $6.33 cardinal of revenue, versus StreetAccount's estimation of $6.24 billion.

Nutanix — Shares surged 23.1% connected a Wall Street Journal study that it's exploring a imaginable merchantability aft receiving takeover interest. The unreality computing institution volition reportedly people backstage equity firms and manufacture rivals arsenic its imaginable buyers.

PNC Financial Services — The fiscal banal dipped astir 1% contempt a stronger-than-expected net report. Higher yields connected interest-earning assets and indebtedness maturation fueled a emergence successful nett involvement income for the bank, but PNC said it experienced a diminution successful interest income.

First Republic Bank — The slope banal dropped much than 14% aft First Republic posted its third-quarter results. The bank's nett involvement borderline came successful beneath a StreetAccount forecast, arsenic did the company's wide gross for the quarter.

ViaSat — Shares of the outer net institution fell astir 1% after the U.K.'s contention regulator launched an in-depth probe into ViaSat's $7.3 cardinal woody to bargain British rival Inmarsat. The Competition and Markets Authority is acrophobic the takeover would marque it harder for competitors to bash concern successful the aviation assemblage and would pb to higher prices for onboard Wi-Fi connected airplane flights.

Howard Hughes Corp. — Howard Hughes' banal jumped 4% aft Pershing Square Intl. tendered for 6.34 cardinal shares astatine arsenic overmuch arsenic $60 a share.

Northop Grumman — The defence banal shed 6% connected Friday amid a downgrade to neutral by JPMorgan. The slope cited Northop Grumman's caller outperformance arsenic the crushed for the shift.

— CNBC's Yun Li, Tanaya Macheel, Michelle Fox, Sarah Min and Scott Schnipper contributed reporting