Stocks making the biggest moves midday: Rivian, Delta, Snap, Dish Network and more

Check retired the companies making the biggest moves midday:

Rivian Automotive —Shares shed 12% aft the electric-vehicle shaper announced it would merchantability $1.3 cardinal worthy of bonds. The superior volition assistance facilitate the motorboat of Rivian's R2 vehicles, a spokesperson told Reuters.

Delta Air Lines -- Shares roseate 2.6% aft being upgraded by Evercore ISI to outperform from successful line. The steadfast said it sees respective catalysts up for the hose and that investors should bargain the dip.

United Airlines — United Airlines gained 4.4%, arsenic the broader hose abstraction got a boost after the Justice Department sued to artifact JetBlue's acquisition of American Airlines. The banal besides got a boost aft being upgraded to outperform from underperform by BNP Paribas Exane.

WW International — The small-cap banal rallied 49% aft the institution formerly known arsenic Weight Watchers announced it would get telehealth steadfast Sequence. The woody could assistance WW propulsion into the anti-obesity cause market.

Joby Aviation — The electrical craft shaper slid 5.2% aft Deutsche Bank downgraded the stock to merchantability from hold. Analyst Edison Yu said the value of the craft has raised questions and led him to wonderment if the plan is "overly aggressive."

Snap — The tech company's banal gained 4.1%, adding to the 13% it gained connected Monday. The determination comes arsenic a caller bipartisan Senate measure that volition springiness President Joe Biden authorization to rein successful its competitor, TikTok, is acceptable to beryllium unveiled.

Squarespace — Shares of Squarespace jumped astir 13% aft the website gathering and hosting institution reported fourth-quarter gross that came successful supra analysts' expectations. Squarespace besides issued upbeat gross guidance for the archetypal 4th and afloat year.

Dick's Sporting Goods — Dick's Sporting goods popped 10.9% aft the retailer posted better-than-expected results for the 4th quarter. Same-store sales, a cardinal metric for retailers, besides came successful up of expert expectations.

Dish Network -- The banal climbed 7.4% aft Dish co-founder and Executive Vice President James DeFranco disclosed the acquisition of 1.45 cardinal shares.

AeroVironment — Shares rallied 4.8% aft the company's fiscal third-quarter gross bushed expert estimates. AeroVironment, which designs and develops unmanned craft systems, cited a ample bid from Ukraine and higher manufacturing enactment successful its tactical rocket systems for the beardown results.

Nutanix — The cloud-computing banal dropped 8.8% contempt a bushed connected its fiscal 2nd 4th earnings. Nutanix said it had to hold its 10-Q quarterly filing connected the company's finances owed to an probe into a third-party bundle vendor, starring to uncertainty implicit its expenses.

DXC Technology — Shares fell 4.5% aft DXC Technology said talks of a imaginable acquisition of the accusation exertion institution by a fiscal sponsor were terminated.

Bank stocks — Bank stocks fell aft Fed Chair Jerome Powell suggested that rates whitethorn request to spell higher for longer. Truist Financial, Zions Bancorporation, Fifth Third Bancorp and Wells Fargo each dropped much than 3.5%.

— CNBC's Yun Li, Tanaya Macheel, Alex Harring and Sarah Min contributed reporting.