Stocks making the biggest moves midday: Palo Alto Networks, 3M, Amedisys, Target and more

Check retired the companies making headlines successful midday trading.

Palo Alto Networks — The cybersecurity banal jumped much than 4% aft S&P Dow Jones Indices announced Friday postmarket that it volition replace Dish Network in the S&P 500, effectual June 20. Dish Network dipped astir 1%.

3M — The concern manufacturer's shares slid 3% aft the justice successful the company's multi-district litigation implicit alleged everlastingly chemicals agreed to hold the archetypal proceedings by 3 weeks truthful parties tin finalize a colony of claims with municipal h2o providers, Bloomberg reported Monday.

Coinbase – Shares of the crypto speech and services institution tumbled 10% aft the Securities and Exchange Commission sued crypto speech Binance on Monday, alleging that Binance and its cofounder Changpeng Zhao commingled billions of dollars of capitalist funds with their ain and violated securities laws.

EPAM Systems — Shares of the bundle engineering steadfast tumbled 18% aft it chopped guidance amid further deterioration successful near-term demand. Q2 net per stock guidance of betwixt $2.33-$2.40 was somewhat beneath the FactSet estimation of $2.43. It besides lowered full-year net estimates and gross estimates for some the 2nd 4th and afloat twelvemonth to beneath analysts' estimates.

Amedisys — The healthcare company's shares rallied 14% aft it received an unsolicited buyout connection from Optum, a portion of UnitedHealth, to get Amedisys for $100 a stock successful cash. Shares successful Option Care Health, which has a competing agreed upon connection to bargain Amedisys, surged 7%.

ImmunoGen — The biotech company's shares gained 5% aft it announced results from ovarian crab attraction Elahere showing a astir 35% simplification successful the hazard of illness progression oregon decease compared to chemotherapy.

C.H. Robinson Worldwide — The transport institution mislaid astir 5% pursuing a report from commercialized work FreightWaves that it has selected Ford's David Bozeman arsenic its adjacent CEO. Bozeman is presently vice president of the lawsuit services part and enthusiast brands astatine Ford.

Equitrans Midstream Corp — The earthy state supplier added 4.5% successful midday trading pursuing a treble upgrade from Morgan Stanley to overweight earlier successful the day. The slope cited imaginable maturation for the banal connected the heels of connection included successful the Fiscal Responsibility Act (the indebtedness ceiling bill) that would let for the completion of the Mountain Valley Pipeline.

Ford Motor Co. — Shares of the automaker roseate astir 2% aft Citi upgraded Ford to bargain from neutral. Rising request for cars successful the U.S. broadly is 1 crushed for optimism astir Ford, according to Citi.

Spotify — Spotify added 3% aft the euphony streaming institution said it's laying disconnected 200 employees, chiefly wrong its podcast division, oregon astir 2% of its in-person workforce.

Target — The big-box retailer's banal fell much than 2% aft KeyBanc downgraded the retailer to assemblage value from overweight, informing that the resumption of pupil indebtedness repayments could compression Target's margins.

Dollar General — Shares fell 2.7% aft Morgan Stanley downgraded the discount retailer's banal to adjacent value from overweight connected Sunday. The steadfast said Dollar General was not showing arsenic overmuch resiliency arsenic expected. Last week, Dollar General reported a miss connected quarterly earnings and chopped its guidance, citing a "challenging" economical environment.

Apple — Shares of the iPhone shaper roseate much than 1% to hit an all-time high arsenic theiPhone shaper kicked disconnected its yearly Worldwide Developers Conference successful Cupertino, California. Apple is wide expected to reveal its long-awaited virtual and augmented world headset, "Reality Pro."

 — CNBC's Yun Li, Alex Harring, Jesse Pound, Samantha Subin and Brian Evans contributed reporting