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Stocks making the biggest moves midday including Tesla and Kodak

Invest in Your Future

Stocks making the biggest moves midday including Tesla and Kodak

The shares of the automobile giant Tesla surged more than 4% to mark a new all-time high record. This move emerged prior to the company’s inclusion in the S&P 500, which is set to take place before trading starts on Dec. 21. Elon Musk’s company’s shares have succeeded in gaining more than 650% this year, as reported by CNBC.The camera company Eastman Kodak’s stock went beyond 50% following The Wall Street Journal reported that a government watchdog did not find Kodak receiving a government loan to produce pharmaceutical ingredients illegal. The loan which is worth more than $700 million boosted shares when it was announced for the first announced in July, however, Kodak’s stock dropped when a government agency put the deal on hold.An analyst at Piper Sandler upgraded the ride-hailing company to overweight from neutral, pointing out that there are several factors that could elevate the stock up 30% from current levels. “LYFT has nonetheless demonstrated an improving ability to extract revenue from each incremental mile traveled in the United States,” the analyst said. Lyft shares jumped about 1%.(Reference: CNBC)