Below are the stocks that make notable moves in the noon trade.
Tesla: The carmaker jumped 3% to a new all-time high. The move surpasses a record year for Tesla, which saw the company report five consecutive quarters of earnings stretching through 2019. The electric car maker also joined the S&P 500. Shares rise more than 750 % during the year.
Enphase Energy: Shares gained slightly after S&P Dow Jones Indices said Australian-based energy technology company will replace Tiffany at the S&P 500 benchmark from January 7th. Tiffany acquires it LVMH. Enphase Energy’s stock has risen more than 560% this year, amid rising interest in solar energy.
Western Digital: Shares jumped more than 10% as investors rallied to the chip maker at the end of the year. Western Digital has gained more than 21% this month alone, reducing losses in 2020 to around 13%.
Tribune Publishing Company – The shares of the owner of the Chicago Tribune and the New York Daily News jumped more than 9% after a stock presentation showed that Alden Global Capital made a non-binding offer to buy the company. Alden is already a major shareholder in Tribune, owning approximately 32% of the company’s outstanding shares. The Wall Street Journal first reported the news.
Celsius Holdings: The shares of the beverage company soared more than 13% after the S&P Dow Jones Indices announced that the shares would be incorporated into the S&P SmallCap 600. The change will take effect on January 7th.
– CNBC’s Pippa Stevens and Yun Li contributed to this story.