Stocks making the biggest moves midday: Tesla, Nvidia, Lululemon and more

Check retired the companies making headlines successful midday trading.

Tesla – Shares of Tesla roseate 8% Monday aft CEO Elon Musk's attorneys connected Saturday asked a California tribunal to determination a proceedings implicit the institution banal to Texas, citing section negativity.

Advanced Micro Devices – The spot elephantine jumped 7.7% arsenic semiconductor stocks led the Monday's rally. The precocious pushed the banal supra its 50-day moving average. Wells Fargo named AMD a apical prime successful the semi assemblage Monday.

Nvidia – The spot banal rallied 7.6% successful midday trading. Earlier successful the day, Nvidia was named a apical prime for 2023 by Wells Fargo analysts, who said they spot a affirmative information halfway merchandise rhythm materializing done the extremity of the year.

Regeneron – Regeneron slipped 5% aft the pharmaceutical institution said that income of its Eylea cause were negatively impacted successful the last 4th of 2022 by a displacement to an off-label competitor.

Lululemon – The athleisure banal fell much than 8% aft Lululemon's changed its guidance to amusement that it expects shrinking gross margins for the 4th quarter. The institution did accidental it expects nett gross to beryllium higher than its erstwhile guidance range.

Zillow — Shares of the existent property marketplace institution gained astir 10% aft Bank of America double upgraded the stock to bargain and said they could emergence 20% from Friday's close, citing its improved maturation outlook contempt a challenging macroeconomic environment.

Uber – Uber shares gained 5.2% connected an upgrade from Piper Sandler to overweight from a neutral rating. The steadfast said that rising ostentation and car prices should boost tendency for thrust sharing.

Hologic – Shares gained astir 4% aft the women's diagnostics supplier reported fiscal first-quarter gross of $1.07 billion, topping its astir caller guidance of $940 cardinal to $990 million. That gross besides topped Wall Street expectations.

Duck Creek – Duck Creek surged 47% aft it said that Vista Equity Partners volition instrumentality the security quality solutions supplier backstage for $19 a share.

Energy stocks – Rising vigor and earthy state prices boosted shares of EQT Corp by 5.2%, arsenic good arsenic Marathon Oil and Halliburton, which gained 2% and astir 1%, respectively.

Ceridian HCM — Ceridian HCM shares roseate 5%. MoffettNathanson initiated sum of the quality resources bundle supplier with a marketplace execute rating, saying shares person 12% upside to the firm's $68 terms target.

Monolithic Power Systems – Shares of Monolithic Power Systems gained 6.4% amid the semiconductor rally, pursuing shares of Nvidia and Advanced Micro Devices.

Baxter International – Health attraction institution Baxter International slipped 7.4%, hitting a 52-week low, aft it announced it volition restructure and rotation disconnected its kidney attraction business.

Oracle – Oracle precocious 2.6% aft Piper Sandler upgraded the banal to overweight from neutral, noting a years-long play of debased maturation could beryllium ending.

Goldman Sachs – Shares gained 2% pursuing reports that the banking elephantine is laying disconnected 3,200 employees, oregon 6.5% of the workforce it had successful October. That is less than the 8% reported past month.

Teladoc – Shares of Teladoc jumped 6.4% aft the institution announced that its gross successful the 4th fourth of 2022 exceeded expert expectations – it's slated to study successful a narrower scope of $633 cardinal to $640 cardinal supra statement of $631 million.

— CNBC's Samantha Subin, Alex Harring, Sarah Min, Jesse Pound, Yun Li, Michelle Fox and Tanaya Macheel contributed reporting