Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more

Check retired the companies making headlines successful midday trading.

Las Vegas Sands, Wynn Resorts — Shares of the casino operators some soared astir 11% aft Macao announced its program to let Chinese circuit groups backmost successful the casinos arsenic soon arsenic November. The Macau authorities said that it volition resume visitation entree from Mainland China done tours and e-visa successful a fewer months. Jefferies upgraded the duo to bargain from clasp pursuing the reopening announcement.

Li Auto, Xpeng — The Chinese electrical conveyance makers each saw shares summation aft Beijing announced an hold of tax breaks connected electrical vehicles. Xpeng went up astir 3%. Li, a competitor, jumped astir 5.5% contempt cutting guidance for the 3rd quarter.

Chegg — Shares of the acquisition tech institution jumped much than 6% aft Needham upgraded the institution to a bargain standing from hold. The steadfast has a $28 terms people connected Chegg's shares, representing 48% upside from Friday's close.

Vertical Aerospace -- The Bristol, England-based builder of electrical vertical take-off and landing craft trial flew its VX4 eVTOL exemplary for the archetypal clip implicit the weekend, portion tethered to the ground. Shares slumped 8%.

Atlas — Shares of the plus absorption institution accrued 3.7% pursuing a connection from Poseidon Acquisition that it had accrued its bid to $15.50 per share, up from $14.45. Poseidon called the bid its "final and champion offer."

Core Laboratories — Shares of the vigor institution fell 3.4% aft Morgan Stanley downgraded Core Laboratories to underweight from adjacent weight. Morgan Stanley said that Core appeared to person little upside for escaped currency travel than its peers and an outsized planetary vulnerability that could measurement connected results.

Planet Fitness - The gym banal jumped 2% aft Raymond James upgraded Planet Fitness to beardown bargain from marketplace perform. The concern steadfast cited a "highly resilient concern model" and cleanable equilibrium expanse arsenic reasons to beryllium optimistic astir the stock.

AMC Entertainment — Shares of the movie theatre elephantine and meme-stock favourite slumped 8% pursuing quality that AMC would apt merchantability up to 425 cardinal units of APE, its preferred shares. APE leapt astir 5%.

Kimco Realty — Shares of the existent property concern spot fell much than 5%, making it the worst performer successful the S&P 500. Kimco invests successful buying centers. The existent property assemblage wide underperformed wrong the broad-market index, down much than 3%.

PG&E — The inferior institution was up 1%, continuing a pre-market rally. PG&E volition regenerate Citrix Systems successful the S&P 500, the S&P Dow Jones Indices said Friday. 

LAVA Therapeutics — The wellness institution changeable up 89% aft the announcement that Seagen volition nutrient LAVA's tumor-targeting therapy. LAVA volition person $50 cardinal up beforehand with the imaginable for up to $650 cardinal much arsenic portion of the agreement.

Amazon — Shares of the ecommerce elephantine were up 1% pursuing quality of a Prime Day-like lawsuit for members coming successful October.

Lyft – Shares of the thrust hailing institution fell astir 3% aft UBS downgraded the stock to neutral from a buy. The steadfast said it's skeptical that Lyft tin present top-line maturation astatine the manufacture level.

Estée Lauder — The cosmetics institution was up 1% aft the announcement of a concern with BALMAIN focused connected luxury quality products.

— CNBC's Yun Li, Jesse Pound, Tanaya Macheel, Scott Schnipper and Darla Mercado contributed reporting