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Stocks making the biggest moves midday: Marathon Oil, General Motors, Oatly and more

The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021.

Daniel Becerril | Reuters

Check out the companies making headlines in midday trading.

Energy — Energy stocks dominated the top performing spots in the S&P 500 as U.S. crude oil prices topped $80 a barrel, the highest since 2014. APA Corp gained 6.8%. Pioneer and Diamondback added 4.6%. Hess rose 6.6%. EOG leapt 5.5%. Marathon Oil gained 4.6% and Devon Energy added 3.8%.

Charter Communications — The cable company’s stock fell 4.8% after Wells Fargo downgraded it to underweight from equal weight, due to concerns about slowing cable subscriber growth. Cable One also lost 2.7% after Wells downgraded it to equal weight from overweight. Competitors Altice fell 4% and Comcast Corp fell 4.7%. Comcast owns NBCUniversal, the parent company of CNBC.

General Motors — Shares of the automaker jumped 3.5% after Credit Suisse reiterated its outperform rating on the stock, saying it has a “compelling case” for multiple expansion after the company’s investor day earlier this week. Shares of Ford also were also higher, by 1.8%.

Oatly — Shares of the oat milk maker gained less than 1% intraday, but closed 0.9% lower after JPMorgan upgraded the stock to overweight from neutral. The Wall Street firm said it sees a “favorable risk/reward” for the shares after pulling back nearly 50% from its June peak.

Sirius XM Holdings — The satellite radio company saw shares fall 3.7% after JPMorgan downgraded the stock to neutral from overweight, saying it expects the slowdown in new auto sales to affect new subscriptions. It lowered its December 2022 price target to $7 from $8.

Moderna — The biotechnology and pharmaceutical stock fell 1.4% after