Stocks making the biggest moves midday: Avis, Pinduoduo, Starbucks, Alibaba and more
In this article TSLA BABA LVS WYNN SBUX CAR MYOV T Follow your favorite stocks CREATE FREE ACCOUNT People wait in line at Avis rental agency in the Miami International Airport Car Rental Center. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Tesla — Shares of the electric vehicle company fell 3.2% after Tesla cut the starting prices for some of its vehicles in China. The price decreases apply to Model 3 and Model Y cars. CEO Elon Musk said last week that he saw signs of a recession in China. WeWork — Shares of WeWork rallied 4.3% after Cantor Fitzgerald initiated coverage of the stock with an overweight rating. Cantor said that the office-sharing company's cost and optimization of its real estate portfolio cut $2.7 billion in expenses. Alibaba , Pinduoduo — Shares of Chinese companies listed in the U.S. dropped sharply Monday after Beijing tightened President Xi Jinping's grip on power, souring investor sentiment for non-state-driven com...