Stocks making the biggest moves midday: Twitter, Tesla, Goldman Sachs, IBM and more

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Check out the companies making headlines in midday trading.

Twitter — Twitter shares ticked 1.4% higher after surging earlier on news that Elon Musk offered $54.20 a share to buy the social media company and take it private. Earlier this month, the Tesla CEO disclosed a 9.2% stake in Twitter.

Goldman Sachs — Shares of the bank erased earlier gains and traded 0.8% lower even after its first-quarter results blew past expectations. Goldman's traders were able to navigate a surge in market volatility sparked by the war in Ukraine. The bank's fixed income desk produced $4.72 billion in first-quarter revenue, thanks to strong activity in currencies and commodities, the bank said.

Morgan Stanley — Shares of the New York-based bank rose about 0.8% after the firm reported first-quarter earnings and revenue that surpassed Wall Street expectations. The bank saw stronger-than-expected revenue from equity and fixed-income trading amid volatile markets and higher completed M&A transactions. 

Wells Fargo — Shares fell about 5% after the bank posted lower-than-expected revenue. A slowdown in its mortgage banking arm amid rising interest rates weighed on results. Wells Fargo beat profit expectations, however, as it released $1.1 billion from its credit reserves. 

UnitedHealth Group — Shares of the health insurance giant added 0.2% after the company beat estimates on the top and bottom lines for the first quarter. UnitedHealth reported $5.49 in earnings per share on $80.1 billion in revenue. Analysts surveyed by Refinitiv had projected $5.38 in earnings per share on $78.79 billion of revenue. UnitedHealth's total customers served was up 1.5 million year over year.

Rite Aid — The pharmacy stock declined about 0.7%. Rite Aid