Stocks making the biggest moves midday: Occidental Petroleum, Wells Fargo, Micron, Joby and more

Check retired the companies making headlines successful midday trading.

Freyr — Freyr Battery surged 18% aft Morgan Stanley upgraded the artillery shaper to overweight from adjacent weight. Analyst Adam Jonas's $13 terms people implies much than 70% upside from Wednesday's adjacent for the stock.

Wells Fargo, JPMorgan Chase, Bank of America — All 3 banks were trading higher connected Thursday aft passing a key yearly accent trial connected Wednesday, showing the cardinal slope that the firms could adequately withstand a recession scenario. Wells Fargo climbed 3.4% portion JPMorgan and Bank of America added much than 2% each.

Tenaris — The tube shaper roseate 2.4% aft Jefferies initiated sum of the banal astatine a buy, citing a compelling risk-reward ratio. The steadfast said shares tin emergence much than 45%.

Micron Technology — The spot banal dropped 3.4%. Micron reported gross of $3.75 cardinal precocious Wednesday, topping the $3.65 cardinal expected by analysts, per Refinitiv. Micron said it believes the representation spot manufacture has passed its trough successful revenue, but said its situation successful China — which announced successful May that it would barroom immoderate purchases of Micron's products — "remains uncertain and fluid."

Occidental Petroleum - Shares of the lipid elephantine roseate astir 1% aft Warren Buffett's Berkshire Hathaway once again accrued its stake. The conglomerate purchased an further 2.1 cardinal Occidental shares connected Monday, Tuesday and Wednesday, boosting its involvement successful the Houston-based vigor shaper to 25.1%.

Joby Aviation — Shares climbed astir 14% successful midday trading. The institution announced a $100 cardinal concern earlier connected Thursday from SK Telecom. The banal has been connected a blistery streak this week: On Wednesday, shares surged 40% aft the institution said it received a permit to statesman formation testing its archetypal electrical vertical takeoff and landing aircraft.

Overstock.com — Stock successful the online retailer added 16% connected Thursday aft the institution closed a woody to acquisition the Bed Bath & Beyond marque retired of bankruptcy.

Sigilon Therapeutics — Shares soared much than 500% connected quality that pharmaceutical institution Eli Lilly would acquisition Sigilon for arsenic overmuch arsenic $126.56 per share.

BioXcel Therapeutics — BioXcel banal plummeted 65% aft the institution reported an contented with the timeliness of correspondence betwixt a main researcher with the Food and Drug Administration concerning a signifier 3 proceedings for an Alzheimer's treatment.

— CNBC's Michelle Fox, Alex Harring, Sarah Min and Yun Li contributed reporting.