Stocks making the biggest moves midday: Shake Shack, Lordstown Motors, Coinbase and more

Stocks making the biggest moves midday: Shake Shack, Lordstown Motors, Coinbase and more

The electric vehicle stock sank roughly 12% after the for production and year-end cash. Lordstown said it will need to raise more capital. Shares of the restaurant company jumped around 7% following a . The firm upgraded the stock to a buy rating saying the recent pullback offers a chance for investors to pick up shares. "The company's small size and unique footprint drive a lag in the company's recovery from COVID, making it one of the last re-opening plays in the space," Goldman said in a note to clients. The pharmaceutical stock edged about 2% higher midday after the company said its Covid-19 vaccine is . Moderna said it plans to ask the Food and Drug Administration to expand the emergency use of its Covid vaccine for teens early next month. and IAC shares fell roughly 5% following Vimeo's spinoff to IAC shareholders. Vimeo began trading on the Nasdaq today as a standalone public company, with Vimeo shares down about 16% in midday trading. The video platform debuted with a valuation of roughly $10 billion. The cannabis stock rose about 6% after MKM Partners upgraded the stock to "buy" from "neutral." MKM said sentiment surrounding the cannabis sector is