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Stocks making the biggest moves midday: Uber, Spotify, Tesla, Dominion Energy, Zoom Video & more - CNBC

Stocks making the biggest moves midday: Uber, Spotify, Tesla, Dominion Energy, Zoom Video & more - CNBC

Stocks making the biggest moves midday: Uber, Spotify, Tesla, Dominion Energy, Zoom Video & more - CNBC
Jul 06, 2020 49 secs

Uber Technologies — Shares of Uber jumped more than 4% after the company said it would purchase food-delivery service Postmates for $2.65 billion in stock.

Tesla — Shares of the automaker jumped more than 9% and briefly traded above $1,300 per share after JMP Securities raised its price target on the stock to $1,500 per share.

The firm said Tesla's better-than-expected deliveries for the second quarter showed that the company was still on track for strong growth in the years ahead.

Harley-Davidson — Harley-Davidson shares gained 5.2% after a Citigroup analyst initiated coverage of the motorcycle builder with a buy rating, citing optimism around the company's recent leadership changes.

Zoom Video — An analyst at Baird hiked his price target on the video-conferencing giant to $300 per share from $230 per share.

The new price target implies a 14.1% upside over the next 12 months.

Immunomedics — Shares of the biopharmaceutical company jumped more than 8% on the back of positive phase 3 trial results for Trodelvy, a drug aimed at treating patients with metastatic triple-negative breast cancer.

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