Stocks making the biggest moves midday: Union Pacific, Fisker, Tesla, Zillow and more

Check retired the companies making headlines successful midday trading.

Union Pacific – Union Pacific's banal astir 10% aft the institution announced that its existent CEO would measurement down successful 2023. Bank of America upgraded the railroad operator to a bargain from neutral rating, citing the enactment change.

Fisker – Shares of the electrical conveyance startup surged much than 27% aft Fisker maintained its 2023 conveyance accumulation people and said it spent little than anticipated successful 2022. To beryllium sure, the institution posted a larger-than-expected nonaccomplishment and gross miss for the 4th quarter, according to StreetAccount.

Tesla – Shares of Tesla roseate 4% pursuing a Reuters report that the company's Brandenburg, Germany works of the electrical conveyance shaper deed a accumulation complaint of 4,000 vehicles per week up of schedule.

Albemarle — Albemarle shares popped much than 3% aft Wells Fargo named it a signature pick, noting: "ALB remains our preferred maturation sanction successful chemicals, fixed its presumption arsenic 1 of the world's largest low-cost lithium suppliers."

Freyr Battery — The artillery maker's banal soared much than 10% aft posted fourth-quarter results. "We expect 2023 to beryllium a genuinely breathtaking and transformative twelvemonth for FREYR and our 24M licensing partners arsenic we determination into unrecorded artillery production," CEO Tom Jensen said successful a statement.

Seagen — Shares jumped by 9.9% aft The Wall Street Journal reported that Pfizer is successful aboriginal talks to get the crab drugmaker, which has a marketplace worth of astir $30 billion. There is nary warrant determination volition beryllium a deal, according to the report.

Nomad Foods — The frozen nutrient institution added 7% pursuing an upgrade to bargain from neutral by Goldman Sachs, which called the banal an "attractive concern opportunity."

Frontier Communications — Shares roseate 5.3% aft Raymond James upgraded the telecom banal to beardown bargain from outperform. The upgrade comes aft Frontier posted connected Friday better-than-expected results for the 4th quarter. The institution besides gave beardown full-year EBITDA guidance.

Viatris — The wellness attraction banal gained arsenic overmuch arsenic 2.5% aft Viatris reported net and announcing erstwhile Celgene COO Scott Smith would instrumentality implicit arsenic CEO starting April 1. Shares were past down 0.1%, however.

Alphabet — Google's genitor institution gained 0.6% aft Bank of America reiterated its overweight rating, citing the exertion giant's opportunities wrong artificial intelligence.

Zillow — The online existent property level gained 2.4% aft JPMorgan initiated sum of the banal with an overweight rating. The Wall Street steadfast said Zillow's halfway request generation-based concern model, coagulated margins and progressive stock repurchase programme volition assistance the steadfast navigate the near-term manufacture challenges. JPMorgan's terms people of $48 per stock represents an upside of astir 20%.

Pulmonx — Shares jumped 7.3% pursuing an upgrade to overweight from adjacent value by Wells Fargo. The steadfast said the aesculapian exertion company's banal has an charismatic valuation.

Krispy Kreme — The donut shaper added astir 1% pursuing an announcement that McDonald's volition statesman selling Krispy Kreme donuts astatine 150 locations successful Kentucky for a constricted clip starting adjacent month. The fast-food concatenation archetypal tested the donuts astatine its locations successful October. McDonald's traded up 0.1%.

— CNBC's Samantha Subin, Pia Singh, Yun Li and Tanaya Macheel contributed reporting