Companies are making news in midday trading.
The family trust of the founder of Continental Resources has made a proposal to take the company private. Continental Resources hasn't reviewed the offer that would take the company private.
FedEx's stock price jumped after the company raised its quarterly dividend by more than 50%. FedEx agreed to add two directors to its board as part of an agreement with D.E. Shaw.
After reporting fiscal fourth-quarter results that exceeded analysts' estimates, the database software company's shares popped more than 8%. The company saw a major increase in demand for cloud infrastructure.
The shares of oil and gas companies jumped on the back of rising oil prices. Marathon Oil's stock price rose more than 4%, while shares of other oil companies increased.
The optical retailer will be entering the S&P SmallCap 600 index this week. The Renewable Energy Group was bought by Chevron.
According to reports, Musk will address employees during an all-hands meeting. The social media company was offered $44 billion by Musk, but he walked away from the deal.
DSV A/S is interested in buying C.H. Robinson's global forwarding business, according to a report.
The US traded shares of the company rose 2% after being upgraded to buy from neutral at Citigroup. According to the investment firm, the company has stopped losing market share to competitors and has conservative targets.
The cosmetics company's shares spiked after it affirmed its current quarter and full year outlook.
CNBC's Yun Li and Jesse Pound were involved in the report.
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