Examine the stocks making notable moves during midday trading. Ford saw a decrease in its stock of 5.1% after announcing that its electric F-150 Lightning pickups will experience a price drop of as much as $10,000 and that all versions will see a minimum discount of $6,000 in efforts to boost production. Rivian shares dropped about 3%. Apple, Pepsi, Yelp, Chewy, Netflix, Nvidia, Tesla, Meta, and others all had analyst calls today. Tesla's stock increased by 1.9% after constructing its first Cybertruck this weekend following delays. Black Knight's stock skyrocketed 13.8% after announcing it will sell its Optimal Blue business to a subsidiary of Constellation Software for $700 million, setting the stage for its acquisition by Intercontinental Exchange. AT&T shares dropped 5.8% subsequent to Citi downgrading it to neutral and citing questions related to its conventional usage of lead-sheathed cables. BridgeBio Pharma experienced a surge of 80% on news that its medicine for treating heart disease demonstrated a "highly statistically significant improvement" in patients in a Phase 3 trial. Activision Blizzard gained 3.2% due to Microsoft and Sony's deal to maintain the Call of Duty game on Sony's PlayStation consoles after Microsoft's acquisition of Activision Blizzard. Paramount Global shares experienced a decline of 4.4% as a result of the new Mission: Impossible movie not fulfilling expectations at the box office. Apellis Pharmaceuticals stocks plummeted 21.4% due to reports of intraocular inflammation following application of Syfovre, which included six incidents of occlusive retinal vasculitis. Yelp gained 10.7% after Goldman Sachs upgraded it to buy from neutral, citing a more favorable risk/reward skewed. Progressive increased 4.6% after JPMorgan upgraded it to overweight from neutral, commenting on its long-term earnings potential and growth prospects. Yeti's stock decreased 5.8% following a downgrade to underweight from sector weight by KeyBanc due to concerns about its growth and wholesale channel inventory. State Street went down 3.1% after being downgraded by multiple Wall Street firms, such as JPMorgan, following their second-quarter earnings report which showed a drop of about 10% in net interest income compared to the first quarter. Figs' stock dropped 2.4% due to a downgrade to market perform from outperform by Raymond James with the worry that the slowing economy and student loan payments could damage its growth. Crypto stocks climbed after the bitcoin hash rate reached an all-time high last week, despite elevated U.S. power prices, and Cantor modified its price target on mining stocks following Ripple's partial court success. Shares of CleanSpark advanced 4.6% and Iris Energy was up 3.4%.
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