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Stocks making the biggest moves midday: Tesla, PayPal, Pinterest and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading.
PayPal, Pinterest – Shares of PayPal climbed more than 3% as Pinterest shares tumbled more than 12% after PayPal addressed reports from last week that it's in talks to purchase Pinterest, clarifying that it is not pursuing an acquisition of the social media giant «at this time.» Last week Pinterest shares surged on the reports, while PayPal shares dropped.
Tesla — Shares of the electric vehicle company jumped more than 9% to hit an all-time high following news that Hertz is ordering 100,000 vehicles to build out an EV rental fleet by the end of 2022. The deal, which will bring in a reported $4.2 billion for Tesla, is the largest ever purchase of electric vehicles.
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