Stocks making the biggest moves midday: Tesla, Coinbase, Tyson Foods and more
Stocks making the biggest moves midday: Tesla, Coinbase, Tyson Foods and more
â Shares of the exploration and production company slid about 3% amid a . At one point on Monday West Texas Intermediate crude futures, the U.S. oil benchmark, dipped more than 4%. , and fell roughly 2%. and each declined about 1.7%. â The electric vehicle stock rose more than 2% after from hold. The Wall Street firm said that Tesla was "leading the way on earnings momentum and capital allocation." Jefferies hiked its price target to $850 per share from $700. Â â Shares of the cryptocurrency exchange's stock jumped about 7.2% , which it will release Tuesday. Because Coinbase generates most of its revenue from trading, the stock price is closely tied to the price of bitcoin, which and broke its 200-day moving average. â Shares of the newly public online brokerage popped nearly 4% in midday trading on Monday. Robinhood's stock has been volatile since its IPO, and it has been getting major attention from the retail investor crowd. Â â Tyson Foods shares added 8.3% after the beef and poultry producer reported a better-than-expected quarterly earnings report. The company posted quarterly earnings of $2.70 per share, well above the consensus estimate of $1.62 per share, according