Stocks making the biggest moves midday: Micron, Paramount, McCormick and more


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Micron Technology headquarters in Boise, Idaho, March 28, 2021.
Jeremy Erickson | Bloomberg | Getty Images

Check out the companies making headlines in midday trading Tuesday.

PagSeguroCiti upgraded the Brazilian payment stock to buy from neutral. The firm called the company’s fourth-quarter earnings unsurprising and said it is still in rough waters, but shares were more attractive following recent underperformance. Stone


Occidental Petroleumpurchased an additional 3.7 million shares for $216 million on Monday and last Thursday. TD Cowen upgraded Occidental to outperform from market perform following the news.

Micron Technology


Paramountrating upgrade from Bank of America from neutral to buy. The bank highlighted Paramount’s strong lineup of assets that could help the business in the event it puts itself up for sale.

McCormick & Company

Alibabasaid it would split its company into six separate business groups, with each group having the potential to raise outside funding and go public.

Cienaupgraded the stock to strong buy from outperform.

Walgreens Boots Alliance

Carnival CorpWells Fargo upgraded Carnival to equal weight from underweight. The firm said it sees a more balanced risk/reward for the company

— CNBC’s Alex Harring, Yun Li, Jesse Pound and Michelle Fox Theobald contributed reporting.

Correction: According to FactSet, Micron is expected to post a loss of 67 cents per share. A previous version misstated the estimate.

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