Check out the companies making headlines in midday trading Wednesday.

Freyr Battery — Shares of the electric vehicle battery maker shot up 17.6% after Morgan Stanley said the company's price target was double where it is now. The bull estimate for the price was three times over its current price.

related investing news

Pro Picks: Watch all of Tuesday's big stock calls on CNBC

Christina Falso

20 hours ago

Stitch Fix — Stitch Fix was up about 12%, even after the company posted downbeat quarterly numbers. The online styling company lost 89 cents per share in the previous quarter on a net revenue that was down 16% from the same quarter a year ago.

General Mills — Shares of the food producer jumped 7% after the company posted a better-than-expected quarterly profit. General Mills also raised its full-year sales forecast amid higher prices and strong demand for cereal, snacks and pet food.

Trupanion — The stock advanced 5.4% after Jefferies initiated coverage of Trupanion with a buy rating, saying the pet insurance company is well positioned for more gains ahead on the pet health trend.

Chemours — Chemours shares fell more than 3% after the chemicals company lowered its full-year guidance. The company now sees adjusted EBITDA between $1.4 billion and $1.45 billion, below prior guidance of $1.475 billion and $1.575 billion.

Sotera Health — Sotera Health shares dropped more than 7% after JPMorgan downgraded the company to underweight from overweight, citing risks from more than 700 outstanding trials.

Aurora Cannabis — Shares of the cannabis producer tumbled 7% after the company reported a breakeven quarter, on an adjusted basis. Analysts had predicted a quarterly loss. Aurora's overall revenue came in slightly below expectations.

Beyond Meat — Shares of Beyond Meat jumped 3% after the company announced it had suspended Chief Operating Officer Doug Ramsey after he was arrested Saturday on charges of terroristic threatening and third-degree battery after an incident at a college football game. The company announced Tuesday that Jonathan Nelson, senior vice president of manufacturing operations, will oversee Beyond's operations activities on an interim basis.

Coty — The stock rose 5.6% after the beauty company said it has a strategy to double skincare product sales by fiscal year 2025. The announcement came ahead of Coty's investor event Wednesday morning.

Arista Networks — Shares of the cloud services provider rose 3.6% after Barclays upgraded the stock to buy, saying that Arista can sustain its revenue growth over the next few years.

Lockheed Martin, Raytheon Technologies, Northrop Grumman, L3Harris — Defense stocks moved higher on Wednesday after Russia president Vladimir Putin announced a partial military mobilization for the war in Ukraine, signaling that the conflict will continue in the months ahead. Shares of Lockheed Martin, Raytheon and Northrop Grumman all rose more than 2%. L3 Harris rose more than 3%.

PayPal — The stock climbed 1.8% after Bank of America added PayPal to its US1 list of top ideas. The firm took out Visa, though that stock remains buy-rated.

— CNBC's Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound and Carmen Reinicke contributed reporting