Midday movers: Pioneer Natural Resources, Tesla, Phillips and more
Investing.com — U.S. stocks were rising, erasing earlier losses after a stronger than expected jobs report for September.
Here are some of the biggest U.S. stock movers today:
Pioneer Natural Resources (NYSE:PXD) stock soared 10.9% after the WSJ reported that oil major ExxonMobil (NYSE:XOM), down 1.2%, is currently in negotiations to buy the shale driller, potentially for about $60 billion.
Tesla (NASDAQ:TSLA) stock fell 0.5% after the EV manufacturer cut the prices of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations.
Philips (NYSE:PHG) ADRs fell 7.4% after the U.S. drug regulator deemed its handling of the recall of millions of ventilators used to treat sleep apnea inadequate.
Walt Disney (NYSE:DIS) stock rose 2.1% after Bernstein initiates coverage of the entertainment giant with an ‘outperform’ rating, saying its planned buyout of the streaming service Hulu will offset any near-term troubles and benefit the company long term.
Levi Strauss (NYSE:LEVI) stock fell 2.7% after the jeans retailer narrowed its guidance after reporting third-quarter revenue that fell short of expectations amid ongoing U.S.-led weakness in its wholesale business.
General Motors (NYSE:GM) stock rose 1.2% after the auto giant makes a sixth offer to the UAW union in an attempt to end the damaging strike.
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