Stocks making the biggest moves midday: General Electric, Rivian, Illumina and more

Stocks making the biggest moves midday: General Electric, Rivian, Illumina and more

 – Illumina shares surged 12.7% a day after the biotechnology company issued a 2022 that topped consensus expectations. The company also highlighted strong demand for its gene-sequencing treatments as well as new partnerships with four health-care companies. – The supermarket operator's shares slid more than 6% despite the company reporting strong quarterly results. Albertsons reported earnings for the quarter of 79 cents per share, beating estimates by 19 cents, and posted revenue topping forecasts. – Shares of the electric vehicle maker rose about 4.3% after Redburn  at a buy and said the company the best chance to "emulate" Tesla's success.  – Abercrombie shares rose 7% even after the on Monday. The company said there was strong demand from customers over the holidays but it did not have enough inventory to sell due to supply chain disruptions. – The casino stock rose 8% after an . The firm raised its rating on Las Vegas Sands to overweight from neutral and added the name to its focus list. – The chip stock added 4.4% after it to overweight from sector weight. The firm said, "AMD is poised to benefit from robust high teens cloud data center growth in 2022