Stocks making the biggest moves midday: Yelp, AutoZone, Lowe's, Apple and more

Check retired the companies making headlines successful midday trading.

Yelp — Shares of the online reviewing institution jumped much than 9% aft activistic capitalist TCS Capital Management took a involvement successful the firm, saying successful an open letter that the institution should research strategical alternatives, including a sale. TCS Capital built up a much than 4% presumption successful Yelp, becoming 1 of the company's apical 5 shareholders. TCS said Yelp is "shockingly undervalued" and could beryllium sold to a backstage equity purchaser for astatine slightest $70 per share, a much than 120% premium.

AutoZone — The car retailer's shares fell much than 5% aft missing gross expectations for the fiscal 3rd quarter. AutoZone posted $4.09 cardinal successful revenue, little than the $4.12 cardinal statement estimation of analysts polled by Refinitiv. Earnings of $34.12 per stock topped analysts $31.51 forecast. Inventory accrued 7.4% twelvemonth implicit year.

Lowe's Companies — The location betterment retailer precocious 2.8% connected a first-quarter net study that bushed expert expectations. But the institution cut its full-year outlook.

Chevron — The San Ramon, California-based vigor shaper added 3.1% successful midday trading. HSBC upgraded Chevron to bargain from clasp earlier connected Tuesday, citing a imaginable rebound successful lipid prices.

Zoom Video Communications — Shares tumbled much than 7% pursuing the video conferencing stock's first-quarter report. While the institution bushed Wall Street expectations for some net per stock and revenue, Zoom's expectations for the existent 4th were lone successful enactment with expectations, according to Refinitiv.

Broadcom — Broadcom shares added astir 2% aft Apple announced a multibillion-dollar spot deal with Broadcom. The multiyear program stems from the iPhone maker's committedness to funnel $430 cardinal into the U.S. economy.

BJ's Wholesale — Shares dropped 6.4% aft the wholesale club's quarterly gross was modestly worse than analysts polled by Refinitiv estimated. Comparable nine income excluding gasoline besides came successful somewhat weaker than expected.

Peloton — Shares added 3% aft the connected fittingness instrumentality company, mostly known for its at-home workout bike, unveiled a caller marketing strategy to drawback caller customers. The marque relaunch, which comes arsenic Peloton tries to crook itself around, includes a caller pricing operation for its integer app.

Advanced Micro Devices — The semiconductor company's shares roseate 1.7%, hitting a caller 52-week high. Bank of America reiterated the chipmaker arsenic a buy in a Tuesday note, saying AMD is connected the "verge of different ample opportunity" stemming from Artificial Intelligence demand.

Chimerix — The biotech banal roseate 1.4% aft Baird began probe sum with an outperform rating. The steadfast said it's bullish connected a "first-in-class agent" attraction for tumors.

Lifecore Biomedical — The banal leapt 60% aft Lifecore announced $150 cardinal successful caller financing, the repayment of outstanding word loans and a caller proviso agreement.

Integra Lifesciences — Shares fell 15% aft the aesculapian exertion institution gave anemic guidance for its 2nd quarter. The institution said net per stock should scope 55 cents to 59 cents, little than the anterior scope of 75 cents to 79 cents and the statement estimation of 77 cents from analysts polled by FactSet. Integra said gross should full betwixt $372 cardinal and $376 million, little than anterior guidance of $396 cardinal to $400 cardinal and the FactSet statement of $398.1 million.

Quanterix, Myriad Genetics — The wellness exertion stocks surged 17% and 15%, respectively, pursuing upgrades to bargain from neutral astatine Goldman Sachs. The slope said Quanterix has amended operating leverage than the marketplace expects. And it said Myriad has a differentiated fiscal illustration that's presently discounted.

Snowflake — Shares roseate 2.1% up of the unreality computing stock's quarterly study owed Wednesday. Wells Fargo said it was bullish heading into the company's net and reiterated an overweight rating.

CCC Intelligent Solutions — Shares of CCC Intelligent Solutions gained 4.6% pursuing an upgrade to outperform from successful enactment astatine Evercore ISI. The steadfast said the bundle services supplier for the spot and casualty security assemblage "has been connected an 'AI journey' agelong earlier it became the inclination du jour."

Spotify — The euphony streaming work precocious 1.3% aft Guggenheim reiterated the banal arsenic a buy, noting usage trends stay beardown and tin assistance Spotify powerfulness a steadfast maturation cycle.

Regional banks — Several determination banks roseate Tuesday. Closely followed PacWest jumped 16.5%, portion Comerica and Zions added 6.9% and 8.8%, respectively.

— CNBC's Hakyung Kim, Michelle Fox, Samantha Subin, Brian Evans, Yun Li, Sarah Min and Michael Bloom contributed reporting