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Stocks making the biggest moves midday: Tesla, Plug Power, U.S. Steel, Chipotle & more

January 8, 2021


Tesla — The electric vehicle company surged more than 7% to a new record high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the company more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI also upgraded Tesla to inline from underperform.

Micron — Shares of the semiconductor company gained more than 1% after Micron beat expectations for its fiscal fist quarter. The company reported adjusted earnings per share of 78 cents and revenue of $5.77 billion. Analysts surveyed by Refinitiv were expecting 71 cents per share and $5.73 billion in revenue. Micron’s revenue and gross margin increased year over year.

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