Stocks making the biggest moves midday: Meta Platforms, Coinbase, UPS, General Motors & more

Check retired the companies making headlines successful midday trading.

Meta Platforms — Shares of the societal media elephantine roseate much than 2% adjacent aft a European Court ruled against Meta successful an anti-trust lawsuit connected Tuesday. Meta is expected to motorboat a caller app this week called Threads that volition beryllium a rival to Twitter.

C3.AI — The artificial quality banal added 4.5% successful midday trading Wednesday. Shares person added astir 19% implicit the past 5 sessions and 253% for the year.

Coinbase — Shares of the crypto services institution fell much than 2% aft Piper Sandler downgraded them, saying the caller summation successful crypto prices pursuing the SEC's suit against Coinbase hasn't translated to an summation successful trading volume. Piper Sandler said it expects Coinbase to study its lowest trading volumes and monthly transacting users successful implicit 2 years for the 3rd quarter.

Wolfspeed  — Shares rallied 14% aft the spot institution announced it signed a decade-long proviso woody with Renesas Electronics to supply silicon carbide bare and epitaxial wafers for $2 billion.

Moderna – The Massachusetts-based biotechnology institution added 2.1% aft announcing it reached an statement with officials to manufacture and make mRNA medicines successful China.

General Motors — The bequest automaker added climbed astir 1% aft the institution said U.S. income accrued 18.8% successful the 2nd quarter.

American Equity Investment Life Holding — Shares roseate 2% aft the institution said it would beryllium acquired by Brookfield Reinsurance for astir $4.3 billion. Brookfield slid 2.1% successful the session.

United Parcel Service — The bundle transportation company's shares mislaid 2% arsenic negotiations with the Teamsters national failed to marque progress. The national said successful a connection Wednesday that talks had collapsed aft UPS "walked away" from negotiations. UPS responded that it had not walked distant from negotiations and said it was encouraging the national to instrumentality to the table. The existent contract, which covers astir 340,000 workers, volition expire astatine the extremity of July.

Digital World Acquisition — The Donald Trump-linked peculiar acquisition institution added much than 12% connected quality that the steadfast had reached an archetypal statement with the Securities and Exchange Commission implicit the company's erstwhile statements and SEC filings.

— CNBC's Samantha Subin, Tanaya Macheel, Michelle Fox, Hakyung Kim, Jesse Pound and Alex Harring contributed reporting.