There are notable moves here in the afternoon business.
Tesla – The automaker jumped 3% to a new all-time high. The move marks a record year for Tesla, with the company’s report looking back at five straight quarters of profit by 2019. Electric automakers have also been added to the S&P 500. The shares are up over 750% for this year.
Enphase Energy – Shares rose slightly after the S&P Dow Jones Indis said Australia-based energy technology company S&P 500 would replace Tiffany in the benchmark as of January. 7. Tiffany is being acquired by LVMH. Enphase Energy’s stock has risen by more than 560% this year amid increased interest in solar energy.
Western Digital – At the end of this year investors piled into the chipmaker and jumped over 10%. Western Digital has grown more than 21% this month alone, reducing its 2020 deficit to around 13%.
Tribune Publishing Company – The Chicago Tribune and New York Daily News owner shares jumped more than 9% after the securities filing that Alden Global Capital made a non-binding offer to buy the company. Alden is already a major shareholder in the Tribune, owning approximately 32% of the company’s outstanding stock. The Wall Street Journal first reported this news.
Celsius Holdings – S&P Dow Jones Indis announced that as the beverage company shares rose more than 13%, the stock would join the S&P Smallcap 600. The change will take effect on 7 January.
– CNBC’s Pippa Stevens and Yun Li contributed to this story.