Stocks making the biggest moves midday: AMC, U.S. Steel, PayPal, Tesla and more

Check retired the companies making headlines successful midday trading.

AMC — Shares of the movie theatre banal sank astir 35% aft a justice precocious Friday approved AMC Entertainment's program to person its preferred shares to communal stock. AMC's preferred units, oregon APEs, surged astir 17%.

PayPal — PayPal banal added 2% aft the institution announced Intuit's Alex Chriss would instrumentality over arsenic main enforcement opening successful September.

U.S. Steel, Cleveland-Cliffs — The alloy shaper founded by Andrew Carnegie and J.P. Morgan climbed astir 32% aft rejecting a buyout connection from adjacent Cleveland-Cliffs connected Sunday, with the institution asserting plans to see different offers. Cleveland-Cliffs stock, meanwhile, climbed much than 8%.

Tesla — Shares slipped 2% aft the institution announced lowered prices connected immoderate models successful China.

Hawaiian Electric — Shares plummeted much than 33% aft Wells Fargo lowered its people terms connected the banal earlier and maintained an underweight standing connected Monday, citing wildfires successful Maui arsenic a looming risk.

Nikola — The banal mislaid 9% aft the greenish motortruck shaper announced a callback of 209 electrical trucks following an autarkic probe of a June fire. The company, which is coming disconnected blows from analyzable second-quarter net and quality of a CEO departure, said this doesn't interaction its hydrogen substance compartment trucks.

Okta — Stock successful the individuality absorption steadfast added 2.4% successful midday trading aft an upgrade to bargain from Goldman Sachs implicit an improving hazard reward ratio.

Teledyne Technologies— The conglomerate climbed 4% aft Goldman Sachs upgraded the banal to a bargain from neutral. Goldman called the institution a currency compounder.

— CNBC's Samantha Subin, Alex Harring, Pia Singh and Hakyung Kim contributed reporting.