Companies are making news in midday trading.
The shares of the electric vehicle battery maker shot up after Morgan Stanley raised its price target. The estimate for the price was three times higher than it is now.
Stitch Fix was up 12% even after the company posted disappointing numbers. The company lost 89 cents per share on a net revenue that was down 16% from a year ago.
The company posted a better-than- expected profit. General Mills raised its full-year sales forecast due to higher prices and strong demand.
The pet insurance company is well positioned for more gains ahead of the pet health trend after the company was given a buy rating by the broker.
Chemours lowered its full-year guidance. The company now sees adjusted earnings before interest, taxes, depreciation and amortization between $1 billion and $1.45 billion.
The company's shares dropped more than 7% after JP Morgan lowered the company's rating to underweight from overweight.
The cannabis producer's shares plummeted after it reported a breakeven quarter. The analysts had predicted a loss for the quarter. Revenue was slightly below expectations.
After the company announced it had suspended Chief Operating Officer Doug Ramsey, shares of Beyond Meat jumped 3%. Jonathan Nelson, senior vice president of manufacturing operations, will be in charge of operations on an interim basis.
The beauty company said it has a plan to double skincare product sales in the next five years. The announcement was made before the investor event.
The cloud services provider's shares rose 3.6% after the company's stock was upgraded by the investment bank, which said that it can sustain its revenue growth over the next few years.
The defense stocks moved higher on Wednesday after Russia president Vladimir Putin announced a partial military mobilization for the war in Ukraine. The shares of all three companies rose. L3 Harris increased in price.
Bank of America addedPayPal to its US1 list of top ideas. The stock of Visa is still buy-rated.
CNBC's Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound, and Carmen Reinicke contributed to the report.
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