Here are the stocks that are making significant midday moves.
Tesla – The automaker jumped 3% to its all-new high. The move culminates in a record year for Tesla, which has seen the company post five consecutive quarters of profits extending into 2019. The electric car maker has also been added to the S&P 500. Shares are up more than 750% for the year.
Enphase Energy – Shares rose slightly after S&P Dow Jones Indices said that the Australia-based energy technology company will replace Tiffany in the S&P 500 starting January 7. LVMH acquires Tiffany. Enphase Energy stock is up more than 560% this year amid growing interest in solar energy.
Western Digital – The stock jumped more than 10% as investors piled up in the chipmaker at the end of the year. Western Digital has gained more than 21% this month alone, cutting its losses for 2020 to around 13%.
Tribune Publishing Company – Shares of Chicago Tribune and New York Daily News owner jumped more than 9% after a securities filing showed that Alden Global Capital had made a non-binding bid to buy the company. Alden is already a major shareholder in Tribune, and it owns approximately 32% of the shares of the existing company. The Wall Street Journal published the news for the first time.
Celsius Holdings – Shares of the beverage company rose more than 13% after S&P Dow Jones Indices announced that the stock will join the S&P SmallCap 600. The change will take effect on January 7th.
– CNBC’s Pippa Stevens and Yoon Lee contributed to writing this story.