Stocks making the biggest moves midday: Tesla, Crocs, UBS & more

Stocks making the biggest moves midday: Tesla, Crocs, UBS & more

Check out the companies making headlines in midday trading. 

Tesla “” Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla's first quarter. The company's net profit was boosted by regulatory credits and a $101 million benefit from selling bitcoin. CEO Elon Musk said that issues in the auto supply chain remain a problem for Tesla along with its competitors.

Crocs “” The footwear company's share price soared about 17% after Crocs reported record first-quarter sales and raised its revenue guidance. The company now projects sales to grow 40% to 50% this year, doubling its previous guidance, with CEO Andrew Rees saying the brand is "stronger than ever."

3M “” 3M shares slid more than 3% despite the company beating top and bottom line estimates during the first quarter. The conglomerate earned $2.77 per share, ahead of the $2.29 per share expected by analysts polled by Refinitv. Revenue came in at $8.85 billion, also above the expected $8.47 billion.

Homebuilders (XHB) “” Homebuilder equities as measured by the SPDR S&P Homebuilders ETF rose 1.3% around 12:20 p.m. in New York after a report said that home prices in February rose 12% year over year, up from