In this photo instance the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background.
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Check out the companies making headlines in midday trading.
Netflix — The streaming giant overtook 5.1% following a double upgrade to buy from sell by CFRA. The firm said it would be difficult for competitors to bag up with the company.
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Cal-Maine Foods — Cal-Maine shares shed 14.5% after describing earnings that fell short of Wall Street’s expectations even as the egg producer reported record sales. The visitors said the avian flu outbreak limited supply and pushed prices up.
Southwest Airlines — The airline stock rose 3.7%, decrease back losses from the previous session when it dropped more than 5%. Severe disruptions at Southwest Airlines acquire drawn outsized criticism from frustrated travelers, who have dealt with thousands of canceled flights from airlines this week because of winter indisposed. Southwest Airlines canceled another 60% of its flights on Wednesday. According to The Dallas Morning News, it’s expected to repair its full schedule on Friday.
Lockheed Martin — The defense contractor’s stock rose nearly 1% following low-down that its Sikorsky unit is contesting a U.S. Army helicopter contract awarded to Textron. It said proposals for the $1.3 billion deal were not evaluated fairly. Textron shares were last up 1.8%.
Tesla — Tesla shares gained more than 8% after shop off during the previous sessions and 37% this month. The stock’s headed for one of its worst months, quarters and years for ever.
Apple — The iPhone maker’s stock rose nearly 3% after hitting its lowest level since June 2021 earlier in the week.
Inclusive Electric — Shares rose 2.2% amid news that General Electric’s health-care spinoff will coincide with the S&P 500 when it starts trading separately on Jan. 4. GE Healthcare will replace Vornado Realty Trust, set to enlist in the S&P MidCap 400.
ImmunoGen — Shares added 5.5% after the biotechnology company announced CFO Susan Altschuller would not earn from her time off. Renee Lentini, the vice president and chief accounting officer, was named interim CFO. The stock initially dashed in premarket trading.
TG Therapeutics — The biopharmaceutical stock soared 22.9% on news that the U.S. Food and Drug Administration approved its painkiller to treat relapsing forms of multiple sclerosis. The drug, known as Briumvi, is expected to roll out during the first abode of 2023.
— CNBC’s Alex Harring and Sarah Min contributed reporting