Stocks making the biggest moves midday: Illumina, BP, Snap & more

SourceCNBC
SectorTransport
CountryGulf

Check out the companies making headlines in midday trading.  Snap — The social media company's stock price jumped about 4.7% after Atlantic Equities upgraded the stock to overweight from neutral. The Wall Street firm said that Snap has transformed into a broad content platform and that it sees an "attractive" entry point right now. Illumina — Shares of the biotech company jumped more than 9% after Illumina pre-announced better than expected results for its first quarter. The company said it expects about $1.085 billion of revenue for the period, above the $924.6 million projected by analysts, according to FactSet. Illumina also raised its full-year revenue guidance. Southwest Airlines — The airline stock climbed 2% after the company recalled 209 pilots from a voluntary extended leave program to support its summer schedule.

Southwest said on Monday the pilots will return to active status on June 1 on the back of a return in travel demand amid the vaccine rollout. Paychex — Shares of Paychex dipped...read more...