Here are the stocks that are making notable moves in the midday trading.
Tesla – The automaker jumped 3% to a new historical record. The move marks a record year for Tesla, which has seen the company report five consecutive quarters of profit since 2019. The electric carmaker was also added to the S&P 500. Shares rose more than 750% in the year.
Enphase Energy – The shares gained a little after S&P Dow Jones Indices said the Australian-based energy technology company will replace Tiffany in the S&P 500 benchmark starting January 7. Tiffany is being acquired by LVMH. Enphase Energy’s shares soared more than 560% this year amid rising interest in solar energy.
Western Digital – Shares jumped more than 10% as investors invested in the chip maker later in the year. Western Digital gained more than 21% this month alone, reducing its losses in 2020 to around 13%.
Tribune Publishing Company – Shares of the owner of the Chicago Tribune and the New York Daily News jumped more than 9% after a bond deposit showed that Alden Global Capital made a non-binding offer to buy the company. Alden is already a majority shareholder in Tribune, holding about 32% of the company’s outstanding shares. The Wall Street Journal released the news for the first time.
Celsius Holdings – The beverage company’s shares soared more than 13% after S&P Dow Jones Indices announced that the shares would join the S&P SmallCap 600. The change will take effect on January 7.
– Pippa Stevens and Yun Li from CNBC contributed to this story.