Check out the companies making the biggest moves midday: Lululemon — Shares of the athleisure clothing company surged more than 10% after S & P Dow Jones Indices announced that the company’s stock will be added to the S & P 500 on Wednesday. Lululemon will replace Activision Blizzard following the completion of its takeover by Microsoft. Pfizer — Shares rallied 5% following an upgrade by Jeffries to buy from hold. The firm sees an attractive buying opportunity after Pfizer cut its full-year guidance last week on slumping vaccine sales. Shares of vaccine makers Moderna and BioNTech declined, however, losing 4.7% and 5.4%, respectively. Novavax dropped 6%. News Corp — The stock added 3% in midday trading. Reuters and The Wall Street Journal reported over the weekend that activist shareholder Starboard Value has built a stake in News Corp. Starboard plans to recommend that the company spin off its digital real estate division, the Wall Street Journal said. Alignment Healthcare — Shares soared 20% after being upgraded to strong buy from outperform by Raymond James. The firm cited the health-care company’s retention of its 4-star Medicare rating , as well as its renewed focus on growth and its valuation. Varonis Systems — The cybersecurity stock popped 6.2% following an upgrade to overweight from equal weight by Morgan Stanley. The firm said the company’s shares could benefit from its exposure to artificial intelligence. Manchester United — Shares of the English soccer club tumbled 6% on the news that British billionaire Jim Ratcliffe put in a bid of over $1.5 billion, equating to a 25% stake in the company. This comes after Qatari businessman Sheikh Jassim bin Hamad al-Thani withdrew his bid to buy the club from its current owners, the Glazer family. Tal Education — The education technology stock popped 7.2% after UBS upgraded shares to a buy rating, citing an attractive valuation and tailwinds from Tal Education’s non-academic tutoring business. Charles Schwab — The brokerage’s stock rose more than 5% on the back of better-than-expected earnings. Schwab earned 77 cents per share, beating an LSEG forecast of 74 cents per share. The company cut its full-year revenue outlook. Albemarle — Shares of the lithium producer added 2.7% after it withdrew its offer to acquire Liontown Resources. Albemarle said growing complexities associated with the transaction was a factor in its decision. Greenbrier — Shares of the transportation services company added nearly 5% on Monday morning after Susquehanna upgraded the stock to a positive rating. Analyst Bascome Majors cited a strengthening backdrop for the railcar industry and below-potential margins as catalysts for “moderate upside” in Greenbrier. Vista Outdoor — The stock sank 24% after the sports and recreation company released preliminary fiscal second-quarter results that showed sales that were expected to drop year over year thanks to a challenging economic environment. Vista Outdoor also lowered its full-year earnings and revenue guidance. Henry Schein — Shares slipped almost 2% after the company, which provides solutions for health-care professionals, announced over the weekend that it experienced a cybersecurity incident that impacted part of its manufacturing and distribution businesses. — CNBC’s Yun Li, Fred Imbert, Hakyung Kim, Samantha Subin, Alex Harring, Pia Singh and Lisa Han contributed reporting.
