Stocks making the biggest moves midday: Chevron, Okta, Walgreens, Spirit AeroSystems and more

by | Oct 23, 2023 | Financial

Check out the companies making headlines in midday trading. Chevron — Chevron shares fell 3% after the energy giant agreed to buy Hess in a $53 billion all-stock deal , or $171 per share. The acquisition allows Chevron to develop drilling in Guyana, and it comes approximately two weeks after Exxon Mobil acquired Pioneer Natural Resources in a $59.5 billion all-stock deal. Okta — Okta’s stock shed 8%, building on an 11.6% loss during Friday’s session after the cybersecurity firm said hackers accessed its support system and viewed client files. Both Citi and Evercore ISI said the company could suffer in the near term from the attack. Pinterest — The digital platform’s shares added 2% on the back of an upgrade to buy from hold by Stifel. The firm said the company has “plenty of room for growth” outside the U.S. market. Walgreens Boots Alliance — Shares popped 5.4% Monday after JPMorgan upgraded shares to overweight from neutral and raised its price target. The firm said it believes Walgreens can remove several overhangs in the coming quarters and improve its performance. e.l.f. Beauty — Shares added 5% after Raymond James upgraded shares to strong buy from outperform in a Monday note. Analyst Olivia Tong said the company’s growth remains on track to outpace its categories and retail scanner sales. Tong also hi …

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