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Stocks making the biggest moves midday: Paramount Global, Tesla, MGM Resorts and more

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These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines in midday trading. Paramount Global – The media and entertainment stock popped more than 9% on news that Skydance Media has reached a preliminary merger deal with controlling shareholder National Amusements. Paramount Global's special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar with the matter. Tesla — The electric vehicle company jumped another 6%, bringing its week-to-date gains to 24%.

Though the company posted better-than-expected earnings of $3.57 in adjusted earnings per share compared to the $3.46 analysts surveyed by LSEG were expecting, revenue for the quarter came in at $2.66 billion, while analysts were expecting $2.67 billion. Sales of its smaller wine and spirits business were down 7% as well, with its shipment volumes and depletions dropping 5.1% and nearly 13%, respectively. Metal ETFs – Silver, gold and copper miners were trading higher as the U.S.

 

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