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Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more

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Tesla shares popped a day after the company's annual shareholder meeting. Western Alliance rallied.

for its fiscal first quarter. Target's revenue, however, barely grew year over year,

and its shoppers bought more necessities. Target also said it expects sales to remain sluggish in the current quarter, and it anticipates a low-single-digit decrease in comparable sales.— Shares were down slightly on Wednesday. The retailer reported an earnings beat before the market open, with earnings per share coming in at 76 cents, versus the 71 cents expected from analysts polled by Refinitiv.

 

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