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Stocks making the biggest moves midday: Hertz, Tesla, Adobe & more

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Check out the companies making the biggest moves in midday trading on Friday.

— The volatile stock of the bankrupt rental car company spiked 37% on Friday after the Wall Street Journal reported that the company had asked its bankruptcy judge to allow a secondary stock offering. The company is looking to offer just under 250 million additional shares, according to the report.— Shares of the apparel company fell more than 4% after it reported a weaker-than-expected fiscal first quarter.

Lululemon reported earnings of 22 cents per share, one cent below Wall Street estimates, and $652 million of revenue, $36 million below expectations, according to Refinitiv. Sales declined year-over-year despite 68% growth in direct-to-consumer channels.— American Airlines stock rallied 14.

 

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