Stocks making the biggest moves midday: Allstate, AT&T, IBM, Tesla and more
In this article IBM ALL T NVDA TSLA DDOG KMI Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk looks at a robot display during a tour of the new Tesla Motors auto plant, formerly operated New United Motor Manufacturing Inc. (NUMMI), in Fremont, California, U.S., on Wednesday, Oct. 27, 2010. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading. AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Allstate – Shares of insurer Allstate fell 11% after the company said it would report a loss in the third quarter following Hurricane Ian, which struck in September and boosted catastrophe losses. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third -quarter earnings that fell short of Wall Street's expectations for revenue. Tesla also warned of a bottleneck for de...