The following is how these stocks played a pivotal role in midday trading.
Tesla (Tesla)-the automaker jumped 3% to a record high. This move created a record year for Tesla, and the company saw the company report five consecutive quarters of profit dating back to 2019. The electric car manufacturer also joined the S&P 500 index. The stock price rose by more than 750% during the year.
Enphase Energy-S&P Dow Jones Indices said that the Australian-based energy technology company will replace Tiffany with the S&P 500 benchmark on January 7, and its share price will rise slightly. Due to increased interest in solar energy, Enphase Energy̵
Western Digital-By the end of this year, as investors flooded into the chip maker, the stock had risen by more than 10%. In this month alone, Western Digital’s earnings have increased by more than 21%, reducing its 2020 losses to about 13%.
The shares of the owners of Tribune Publishing Company-Chicago Tribune and New York Daily News rose by more than 9% after a securities document showed that Alden Global Capital had made a non-binding takeover offer. Alden is already a major shareholder of Tribune, owning approximately 32% of the company’s outstanding shares. “The Wall Street Journal” first reported the news.
Celsius Holdings-After S&P Dow Jones Indices announced that the stock would join S&P SmallCap 600, the beverage company’s share price soared by more than 13%. The change will take effect on January 7.
-CNBC’s Pippa Stevens and Yun Li contributed to this story.