Check out the companies making the biggest moves midday: Tesla – Tesla shares dropped more than 12%, a day after the EV maker reported weak auto revenue and warned of slower growth in 2024. Several firms cut their share price targets on Tesla and have turned more cautious on the stock in the near term. American Airlines – The airline stock popped 10% after topping earnings expectations on the top and bottom lines. American Airlines posted adjusted earnings of 29 cents per share on $13.06 billion in revenue. That came in ahead of the 10 cents per share and $13.02 billion in revenue anticipated by analysts polled by LSEG. IBM — Shares jumped 10% after the company reported an earnings beat postmarket Wednesday. Adjusted earnings per share came in at $3.87 for the fourth quarter, topping the $3.78 expected from analysts polled by LSEG. Revenue was $17.38 billion, versus the consensus estimate of $17.30 billion. Boeing — Shares declined more than 6% after Bank of America lowered its rating to neutral from buy. The company said Boeing is unlikely to meet its production goals for 2025 and 2026 in light of regulators’ move to ground the 737 Max 9 after the Alaska Airlines Flight 1282 incident and the Federal Aviation Administration’s recent decision to halt 737 Max production expansion . ResMed — The medical device company added nearly 7% after topping earnings estimates postmarket Wednesday. ResMed’s adjusted earnings were $1.88 per share for its fiscal second quarter, compared to the $1.77 per share expected from analysts polled by StreetAccount. Revenue came in at $1.16 billion, ahead of the $1.15 billion expected. Humana — The health-care stock tumbled 12% after the insurer warned soaring medical costs would weigh on its earnings. Humana expects adjusted earnings of about $16 per share for 2024, significantly below the $29.10 per expected from analysts polled by LSEG. Lam Research — Shares climbed almost 4% following the company’s earnings and revenue…
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