Midday movers: Tesla, BioNTech, Berkshire Hathaway and more

  • Investing.com
  • Stock Market News
Midday movers: Tesla, BioNTech, Berkshire Hathaway and more
Credit: © Reuters.

Investing.com -- U.S. stocks were wobbling on Monday, giving up earlier gains after last week's rally as investors more quarterly corporate earnings.

Here are some of the biggest U.S. stock movers today:

  • Tesla (NASDAQ: TSLA ) stock fell 1.7% after Reuters reported that the electric vehicle manufacturer plans to build a €25,000 (€1 = $1.0753) car at its factory near Berlin, in an attempt to enter the mass market.

  • BioNTech (NASDAQ: BNTX ) stock rose 4.7% after the drugmaker cut its 2023 revenue target on lower demand for the COVID-19 vaccine made with Pfizer (NYSE: PFE ) but said the impact from write-downs at its U.S. partner was less than initially thought. Pfizer was down 0.8%.

  • Berkshire Hathaway (NYSE: BRKa ) stock fell 1.6% after Warren Buffet’s holding company reported a record high cash pile of $157 billion in the third quarter, in a sign that the group is cautiously gauging stock valuations and the broader market environment during a time of high borrowing costs and political strife.

  • Dish Network (NASDAQ: DISH ) stock fell 30.4% after the satellite television company reported a drop in third-quarter revenue, swinging to a loss for its fiscal third quarter as its pay-TV subscribers declined.

  • Starbucks (NASDAQ: SBUX ) stock rose 1.1% after the coffee chain announced plans to raise the hourly pay for its U.S. retail workers by at least 3% from 2024, as it plans to expand its store count amid strong demand for its coffees from younger and more affluent customer base.

  • Ryanair (NASDAQ: RYAAY ) ADRs rose 3.4% after the low-cost carrier delivered a record annual profit forecast and outlined plans for its first-ever ordinary dividend.

  • OrganiGram (TSX: OGI ) stock soared 19.4% after the Canadian cannabis company said it is set to receive a hefty investment from British American Tobacco (LON: BATS ) (NYSE: BTI ).

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