Midday movers: Moderna, United Airlines, Pinterest and more

By Liz Moyer

Investing.com -- Stocks gave back most of their early gains on Tuesday after the November inflation report showed prices cooling more than expected. Here are the midday movers for Dec. 13.

• Moderna Inc (NASDAQ: MRNA) shares rose 22% after the pharmaceutical maker most famous for its mRNA COVID-19 vaccine reported positive trends from the trial of its vaccine for skin cancer together with Merck&Company Inc's (NYSE: MRK) Keytruda treatment. Shares of Merck were up 0.7%.

• United Airlines Holdings Inc (NASDAQ: UAL) stock fell 6.6% after the carrier ordered 100 new Dreamliner 787 planes from Boeing, with an option to buy 100 more, in what it called the largest widebody order by a U.S. carrier in commercial aviation history. It is also ordering dozens more 737 Max planes. Boeing Co (NYSE: BA) shares were flat.

• Pinterest Inc (NYSE: PINS) stock rose 11% after the photo-sharing platform was upgraded by Piper Sandler to overweight from neutral and the price target raised to $30 from $25. The analysts cited positive trends in advertising and rising active users.

• Tesla Inc (NASDAQ: TSLA) stock fell 6% and hit another 52-week low, down more than 54% so far this year. Investors have been worried about slowing demand and production.

• Halliburton Company (NYSE: HAL) stock jumped 7% as the oil field services company benefits from the rising cost of oil. Prices for Brent crude and WTI jumped more than 4% on Tuesday.

You May Also Be Interested In

• Barclays expects more crude export ban chatter, flags best stock to own
• Heidmar Maritime regains compliance with NASDAQ listing requirements
• Mega AI IPOs may pressure markets in near term, says Standard Chartered CIO