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Stocks making the biggest moves midday: Carvana, Meta, Palantir, Viatris, Walgreens and more

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Check out the companies making the biggest moves midday:

Carvanabriefly halted at one point due to volatility. The sell-off comes after the used-car seller’s worst day ever on Friday, when the company had an earnings miss and Morgan Stanley pulled its rating and price target for the stock.

Meta Platformsmass layoffs as soon as Wednesday. The layoffs could impact thousands of employees, according to the Journal. The company said it had 87,000 employees as of the end of September.

Walgreens Boots Allianceinvest $3.5 billion to support VillageMD’s acquisition of urgent care provider Summit Health. Walgreens raised its fiscal year 2025 sales goal for its U.S. health-care business to $14.5 billion to $16.0 billion, from $11.0 billion to $12.0 billion to account for the deal.

Redfindowngraded to shares to underperform from perform. The investment bank said the online real estate company’s business model is flawed.

Berkshire Hathaway20% increase in operating profits during the third quarter. Berkshire also spent $1.05 billion in share repurchases during the quarter. The Omaha-based company suffered a $10.1 billion loss on its investments during the third quarter’s market turmoil, however.





Boston Beerinitiated coverage of the stock with an underweight rating. Its analyst said it is concerned about growth prospects as malt-based hard seltzers continue to decline and there has been a “dizzying array” of new competition.

Sea Limited

Ryanaircompany reported record after-tax profit for the first six months ending in September.

Energy stocks — Energy stocks led gains in the S&P 500, with the sector up 1.7% in the broader market index following a pop in the price of natural gas futuresEQTBaker HughesOccidental Petroleum

— CNBC’s Carmen Reinicke, Alexander Harring, Yun Li and Sarah Min contributed reporting.

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