Stocks making the biggest moves midday: Alibaba, Apple, Robinhood and more

Stocks making the biggest moves midday: Alibaba, Apple, Robinhood and more

, , — Shares of the China-based companies fell midday after JPMorgan Chase downgraded the stocks to underweight. Their stocks tumbled 9%, 7% and 8%, respectively, in Shenzhen and renewed U.S. delisting fears. — The company's stock fell 2% as one of the said it would pause operations in Shenzhen amid a new Covid-19 lockdown. KeyBanc also reiterated its outperform rating on shares of technology giants and said that iPhone demand remains strong. ,  – The energy companies fell 4% and 3% midday after analysts at Morgan Stanley downgraded the stocks to equal-weight from overweight. The bank noted that while both companies have outperformed peers in recent months, they currently offer less attractive relative valuations. Oil prices also moved lower Monday. — Shares of the auto company dipped about 1% after Jefferies reiterated its hold rating and lowered its price target. The Wall Street firm shares to $18 from $20, citing worries about "a stagflationary environment of higher input costs and continued supply constraints." — The poultry company's stock fell 2.4% after BMO Capital markets downgraded the it to market perform from outperform. BMO said it's concerned about "underlying fundamentals" in beef. — Shares for the sports apparel giant