Stocks making the biggest moves midday: Shutterstock, Newell Brands, Zillow and more

Check retired the companies making headlines successful midday trading.

Shutterstock — Shares of the banal image, video and euphony supplier jumped 10% aft Shutterstock announced a six-year, expanded partnership with OpenAI, the shaper of ChatGPT.

Newell Brands — Shares of the user goods institution jumped much than 10% aft Canaccord initiated its sum with a bargain rating. The Wall Street steadfast said amended days are up with caller absorption astatine the helm, and it besides expects humble top-line growth, amended profitability and currency flows and trim leverage astatine the company.

Zillow — Zillow popped astir 11% aft Piper Sandler upgraded the existent property banal to an overweight rating, saying that caller initiatives and betterment successful the lodging marketplace could assistance boost shares much than 30%.

Salesforce — Shares gained much than 2% aft the bundle institution announced it would hike prices crossed its cloud-based offerings starting successful August.

WD-40 — WD-40 shares popped much than 15% connected beardown fiscal third-quarter results. The institution said that full nett income roseate 15% from a twelvemonth agone and issued better-than-expected guidance.

3M — 3M added 3.5% connected the backmost of an upgrade to clasp from underperform by Bank of America. The steadfast said litigation settlements, restructuring and the planned spin-off for the wellness attraction concern could each assistance the banal going forward.

Amazon — The stock added astir 1% arsenic the e-commerce elephantine kicked disconnected its two-day Prime Day summertime sale. Wells Fargo besides named Amazon a apical pick, citing amended expectations for Amazon Web Services, Prime Day gross maturation and a affirmative risk-reward heading into earnings.

JetBlue Airways — The hose banal mislaid astir 2% aft Evercore ISI downgraded shares to underweight, citing valuation concerns and caller antagonistic catalysts, including a ruling to extremity its confederation with American Airlines successful the Northeast.

Xpeng — U.S.-listed shares of Xpeng roseate 3% aft Goldman Sachs initiated sum of the Chinese electrical conveyance institution with a bargain rating, citing a "compelling" exemplary that fosters gross and borderline expansion. Goldman besides expects Xpeng to payment from ongoing declines successful artillery prices.

JPMorgan Chase — The slope banal gained 1.3% aft Jefferies upgraded shares to a bargain from a clasp rating, citing a unchangeable net outlook and "best-in-class" instrumentality connected equity potential.

Novo Nordisk — Novo Nordisk, which makes value nonaccomplishment cause Wegovy, mislaid astir 3% aft a survey conducted by a pharmacy benefits manager for Reuters showed that astir patients halt utilizing value nonaccomplishment drugs wrong a year.

Scotts Miracle-Gro — Scotts Miracle-Gro shares gained 7% aft Truist upgraded the banal to bargain from hold. The slope said the shaper of user tract and plot products is acceptable to instrumentality to counter-season outperformance, with little indebtedness risk.

Generac — Generac shares rallied 4.5% arsenic Argus Research upgraded the generator shaper to a bargain rating, citing caller cost-cutting initiatives and amended maturation than expected wrong the company's commercialized and concern segment.

U.S. Bancorp — Shares gained much than 3% aft Bank of America upgraded them to bargain from neutral, saying that net and beardown execution should foster outperformance.

Iovance Biotherapeutics — Shares sank much than 11% aft the biotechnology institution announced the pricing of its underwritten nationalist offering of $150 cardinal successful communal stock.

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