Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom's Phone business.Exxon — The oil giant slid more than 3% after The Wall Street Journal reported that the SEC launched an investigation into Exxon. According to the report, the probe focuses on how the company valued a key asset in the oil rich Permian Basin.Wells Fargo — Shares of the banking giant slipped more than 7% after Wells Fargo reported weaker-than-expected revenue for the fourth quarter. Revenue came in at $17.93 billion, which was short of the $18.127 billion expected by analysts polled by Refinitiv. "Although our financial performance improved … our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us," CEO Charlie Scharf said in a statement.Snap – The social media company jumped more than 2% after MoffettNathanson upgraded the company to buy from neutral. The firm said Snap has the potential to accelerate its revenue and profits, which is still