Stocks making the biggest moves midday: Netflix, Coinbase, Alphabet, SVB Financial & more

— The financial stock rallied a whopping 19% after the company reported better-than-expected quarterly results. Adjusted earnings came in at $1.08 a share, higher than the 97 cents a share analysts surveyed by FactSet were looking for. Its revenue also topped expectations.— Shares of American Tower fell 2.4% after reports that the company may be exploring a takeover bid of Spanish company Cellnex. Cellnex shares jumped more than 8% on the news.

— CNBC's Michelle Fox, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound, Carmen Reinicke, Samantha Subin contributed reporting

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