Stocks making the biggest moves midday: Roku, Tesla, AMC, AeroVironment and more

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Check out the companies making the biggest moves midday:

Roku — Shares popped 3% after the streaming company announced it would lay off 10% of its staff, consolidate office space and look to trim other expenses. Roku also boosted its third-quarter revenue guidance to between $835 million and $875 million, versus prior guidance of $815 million.

Tesla — The electric-vehicle maker shed 3% in midday trading, falling along with other major tech-related names. The Wall Street Journal also reported late Tuesday that Tesla CEO Elon Musk borrowed $1 billion from SpaceX the same month he acquired Twitter.

AMC Entertainment — Shares tumbled 28% after AMC said it plans to sell up to 40 million new shares to raise cash. The issuance of additional shares was expected after it converted preferred APE shares into AMC common stock in August.

Apple — The tech giant dropped nearly 3.6% following a report by the Wall Street Journal that China banned the use of iPhones and other foreign-branded devices by government officials at work. Bank of America estimates up to a 5 million to 10 million unit headwind if such a ban went through and was enforced.

AeroVironment — The maker of unmanned aircrafts soared 25% after it reported adjusted earnings per share of $1, well above the 26 cents expected from analysts polled by LSEG. Revenue also beat expectations, coming in at $152 million, versus the $129 million expected.

NextGen Healthcare — The stock rallied 14% after private-equity firm Thoma Bravo said it would acquire the health-care software provider for $23.95 per share, 17% higher than where the stock closed Tuesday.

Enbridge, Dominion Energy — Enbridge's stock fell 5.4% after Dominion, which slipped 1.7%, said Tuesday it