economy
Stocks Making the Biggest Moves Midday: Tesla, NextDecade, General Motors, Delta Air Lines & More
Here are some of the stocks making headlines in midday trading.
TL;DR
- Tesla's stock dropped nearly 4% as first-quarter deliveries missed expectations.
- Nike shares fell over 2% following a bleak outlook for sales in China.
- Coherent and Lumentum, makers of optical transceivers, were top S&P 500 gainers.
- Wingstop shares increased about 6% after an upgrade from Piper Sandler.
- Blue Owl slumped 1% due to unusually high redemption requests in its private credit funds.
- Energy company shares jumped as oil prices surged over 10%.
- Cruise operators and airline stocks tumbled as higher oil prices reignited demand fears.
- General Motors slipped over 3% after reporting a year-over-year decline in first-quarter sales.
- Globalstar rallied 9% on a report that Amazon is in talks to acquire the company.
- Penguin Solutions surged 13% after its second-quarter financial results exceeded expectations.
- Shares of LNG exporters rose amid fears of Middle East conflict disrupting global supply.
- Fertilizer stocks also jumped due to concerns about Strait of Hormuz closure impacting supply.