Stock Groups

Marathon, GM, Oatly and more

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A water tank from the General Motors assembly facility in Ramos Arizpe (Coahuila State, Mexico), February 11, 2021 shows the GM logo

Daniel Becerril | Reuters

Take a look at the top mid-day traders.

Energy — Energy stocks dominated the top performing spots in the S&P 500 as U.S. crude oil prices topped $80 a barrel, the highest since 2014. APA CorpGained 4.9% PioneerAnd DiamondbackPlus than 3% HessIt rose by 4% EOGMore than 33% leapt. Marathon OilMore than 22% increase Devon Energy1.8% added

Charter Communications — The cable company’s stock fell more than 4% after Wells Fargo downgraded it to underweight from equal weight, due to concerns about slowing cable subscriber growth. Cable OneAfter Wells downgraded the rating to overweight, it also dropped 3%. Concurrents AlticeIt fell by 1.8% Comcast Corp fell 3.7%. Comcast owns NBCUniversal, the parent company of CNBC.

General Motors — The shares of the automaker jumped 3.5% after Credit Suisse reiterated its outperform rating on the stock, saying it has a “compelling case” for multiple expansion after the company’s investor day earlier this week. Shares of FordThey were also slightly higher by 1.8%

Oatly — Shares of the oatmilk maker gained less than 1% after JPMorgan upgradedStock to be overweight or neutral. Wall Street firms said they see a positive risk/reward ratio for the stock after it pulled back close to 50% since June’s peak.

Sirius XM Holdings — The satellite radio company saw shares fall 2.7% after JPMorgan downgraded the stock to neutral from overweight, saying it expects the slowdown in new auto sales to affect new subscriptions. From $8, it lowered the December 2022 price goal to $7.

Moderna — The biotechnology and pharmaceutical stock fell more than 1% after Finland, Denmark and Sweden announced they would limit the use of the Moderna’s Covid-19 vaccine in young people. These countries took the decision due to concerns about rare side effects of cardiovascular disease.

Citrix Systems — The enterprise software stock continued its descent after Citi downgraded it to neutral from buy, citing the departure of the company’s CEO, announced earlier in the week. Tyler Radke, an analyst said that the chances of a financial bidder buying the company are slim and it would struggle to achieve its long-term goals. Citrix lost 5.7%.

— CNBC’s Hannah Miao and Yun Li contributed reporting

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