Tesla, Five Bello, Neo and more

Check out which companies are making the headlines in midday trading.

Tesla – Shares rose about 2.2% after UBS Electric vehicle inventory upgrade to buy from neutral. The company said Tesla’s decline this year provides an “attractive entry point” for investors. “We believe the operational outlook is stronger than ever,” UBS said.

ring jewelry – Shares of the jewelry retailer are up nearly 9% after the company reported quarterly earnings and revenue It beat analysts’ estimates He issued an optimistic forecast for this year. Signet also expanded its share buyback license by $500 million.

five below The discount retailer’s stock fell 2.9% after slightly outstripping earnings but losing revenue in the last quarter. Five below cut guidance for this year.

New – Nio’s stock fell 7% after The latest quarterly earnings report of the Chinese electric car maker. The company has struggled during the Covid-19 shutdowns in China and is facing margin pressures that are unlikely to begin to recover until the third quarter, CEO William Ben Lee said during an earnings call.

Novavax Shares of the drug company fell 16%. On news that the Food and Drug Administration may delay a decision on the Novavax Covid-19 vaccine. An FDA spokesperson told CNBC that the FDA needs to evaluate changes to the drug company’s manufacturing process.

Initial deal executor – The discount retailer’s stock jumped 6.2% year over year Upgrading from RBC Capital Markets To outperform the sector after the last preliminary report quarterly.

skillsoft Skillsoft’s stock fell 16% after the learning platform published quarterly results. The company posted a loss less than analysts had expected, but it posted less revenue than analysts had expected.

CNBC’s Tanaya Machel and Hannah Miu contributed reporting.