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Stocks making the biggest moves midday: Tesla, Nvidia, Lululemon and more



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Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesCheck out the companies making headlines in midday trading.Tesla – Shares of Tesla rose 8% Monday after CEO Elon Musk’s attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity.Advanced Micro Devices – The chip giant jumped 7.7% as semiconductor stocks led the Monday’s rally. The advanced pushed the stock above its 50-day moving average. Wells Fargo named AMD a top pick in the semi sector Monday.Nvidia – The chip stock rallied 7.6% in midday trading. Earlier in the day, Nvidia was named a top pick for 2023 by Wells Fargo analysts, who said they see a positive data center product cycle materializing through the end of the year.Regeneron – Regeneron slipped 5% after the pharmaceutical company said that sales of its Eylea drug were negatively impacted in the final quarter of 2022 by a shift to an off-label competitor.Lululemon – The athleisure stock fell more than 8% after Lululemon’s changed its guidance to show that it expects shrinking gross margins for the fourth quarter. The company did say it expects net revenue to be higher than its previous guidance range.Zillow — Shares of the real estate marketplace company gained nearly 10% after Bank of America double upgraded the stock to buy and said they could rise 20% from Friday’s close, citing its improved growth outlook despite a challenging macroeconomic environment.Uber – Uber shares gained 5.2% on an upgrade from Piper Sandler to overweight from a neutral rating. The firm said that rising inflation and car prices should boost desire f …

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