Stocks making the biggest moves midday: Tesla, Nike, Humana and more

by | Oct 2, 2024 | Financial

Check out the companies making headlines in midday trading. Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Deliveries came in at 462,890, versus a FactSet estimate of 463,310. Nike — The athletic apparel and footwear stock lost 6% after Nike withdrew its full-year guidance and postponed its investor day, which was originally scheduled for November, given an impending CEO change. However, the company posted fiscal first-quarter earnings and revenue that topped Wall Street’s estimates. Humana – The health-care stock plummeted more than 17% following its preliminary 2025 Medicare Advantage data. Humana said in an 8-K filing that 25% of its total members are currently enrolled in plans rated 4 stars and above for next year. That’s down from 94% in 2024. The company also said that it’s “exploring all available options to mitigate the expected 2026 revenue headwind.” Chinese stocks — Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. JD.com surged 5%, rising for a fifth straight day. Another e-commerce name PDD popped 3%. Exchange-traded funds overseas that track Chinese stocks rallied, including a nearly 4% gain for KraneShares CSI China Internet ETF (KWEB), even as mainland markets were shut for a week-long holiday. Harley-Davidson – The stock slipped 3% after being downgrade …

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