Stocks making the biggest moves midday: Logitech, Toyota, UnitedHealth, AMD and more

Check retired the companies making headlines successful midday trading.

Logitech — Shares tumbled 12.3% aft the institution announced president and CEO Bracken Darrell is departing. Citi downgraded shares to neutral from bargain pursuing the announcement.

UnitedHealth — UnitedHealth dropped 7% aft Chief Financial Officer John Franklin Rex said much seniors are getting aesculapian procedures they delayed during the Covid-19 pandemic, according to a FactSet transcript of a presumption made Tuesday astatine the Goldman Sachs Annual Global Healthcare Conference. It's a inclination that means rising costs for the wellness security company. Other insurers besides dropped, specified arsenic Humana, which slid 13%.

Toyota — The Japan-based automaker's shares gained 4.5% Wednesday. Shareholders reelected chairman Akio Toyoda successful an endorsement of the company's governance and caller electrical conveyance strategy. Toyota announced earlier successful the week it would present a afloat lineup of artillery electrical vehicles with "next generation" batteries.

Lumen Technologies — The telecommunications banal gained 6% during midday trading Wednesday, adding to the 16% beforehand that was made Tuesday. On Monday, Lumen announced a caller web interconnection ecosystem called ExaSwitch that was created successful concern with Google and Microsoft.

Maxeon Solar Technologies — The star banal gained 5.6%. Roth MKM upgraded shares from bargain to neural, noting beardown request and the imaginable for borderline enlargement ahead. Earlier successful the week, the institution announced a caller concern with electrical conveyance bundle charging institution ev.energy.

Advanced Micro Devices — The spot banal gained astir 2% successful midday trading, a time aft the institution announced its latest artificial quality chips. On Wednesday, Reuters besides reported Amazon Web Services is considering utilizing AMD's AI chips. Several analysts were bullish, with Goldman Sachs upping its terms people connected AMD to $137 from $97 Wednesday, suggesting 10% upside from Tuesday's close.

Anheuser-Busch InBev — Shares roseate 2.4% aft Bernstein reiterated its outperform rating. The Bud Light genitor has struggled precocious arsenic its determination to enactment with a transgender influencer sparked blimpish ire.

IPG Photonics — The laser institution jumped 14.1% aft Raymond James upgraded the banal to outperform from marketplace perform. Raymond James said the institution is underappreciated, specifically pointing to opportunities successful the electrical conveyance space.

Dave & Buster's — Shares slid 4% pursuing the company's capitalist day. The sell-off comes contempt Raymond James reiterating its beardown bargain rating pursuing the institution update. However, the steadfast did enactment immoderate investors whitethorn instrumentality a "wait and see" attack to the banal fixed the imaginable for the wellness of the broader system to impact discretionary spending.

Cinemark — The movie banal slid 5% connected the backmost of a downgrade to neutral from bargain by B. Riley. The steadfast cited its uncertain movie slate, portion noting the banal should person a longer-term accidental to payment from improvements successful the home container bureau and maturation successful Latin America.

Li Auto — The Chinese electrical conveyance shaper popped 5.5% aft Morgan Stanley added a affirmative catalyst ticker connected the stock, pointing to beardown caller play shipment information and the imaginable for a betterment successful the sector.

Netflix — The streaming elephantine roseate 1.9% connected the backmost of 2 calls from analysts. Wolfe Research reiterated shares arsenic outperform, with the steadfast saying it's bullish connected the password-sharing crackdown. Though Barclays reiterated its adjacent complaint rating, the steadfast raised its terms people connected shares to $375 from $250.

DoorDash — Shares of the nutrient transportation institution fell much than 3% aft Gordon Haskett downgraded the banal to clasp from buy. The steadfast said DoorDash's existent risk/reward illustration is nary longer capable to thrust favorable stock terms reaction.

Deckers Outdoor — Shares of the outdoor apparel institution jumped much than 3% to deed a 52-week precocious aft Raymond James initiated the sum connected the banal arsenic outperform. The Wall Street steadfast said it likes its wide array of products, peculiarly the Hoka brand, which it believes has beardown momentum and is successful the aboriginal innings of semipermanent maturation globally.

Shift4 Payments — Shares precocious 2.2% pursuing an upgrade from SVB Securities to outperform from marketplace perform. SVB said the integer payments bundle sanction should spot measurement maturation increase.

SoFi — SoFi gained 4.6% aft BTIG names the banal a apical prime successful the fiscal exertion space. The steadfast said shares could rally much than 45% arsenic pupil indebtedness payments resume.

Estée Lauder — Shares of the quality banal roseate 2.9% pursuing an upgrade to bargain from clasp by Berenberg. The steadfast called the banal an charismatic buying opportunity.

— CNBC's Michelle Fox, Yun Li, Sarah Min and Hakyung Kim contributed reporting.