Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock popped 7% to build on last week’s 29% gain as investors bet that a Trump administration would fare well for the company and CEO Elon Musk. AbbVie — Shares tumbled 12% after the pharmaceutical company said its experimental schizophrenia drug did not show a statistically significant improvement in symptoms during two Phase 2 trials. The news sent shares of competitor Bristol-Myers Squibb nearly 12% higher. Super Micro Computer — The beleaguered server maker fell 8%. Shares have been slipping since Ernst & Young resigned as Super Micro’s auditor in late October and after the company issued unaudited quarterly results that showed weaker-than-expected revenue. Crypto stocks — Crypto stocks extended last week’s gains as investors basked in the honeymoon period between Election Day and Inauguration Day. Coinbase shares jumped 20% and were trading above $300 for the first time since 2021. MicroStrategy shares were up 19% and bitcoin miners MARA Holdings and Riot Platforms gained 23% and 20%, respectively. Wells Fargo , Bank of America , Morgan Stanley — Shares of major banks were rising again on Monday, building on their postelection gains driven by investors’ hopes of looser regulation and greater deal-making under the incoming presidency. Wells Fargo jumped 4%, while Bank …
