Midday movers: Tesla, General Mills, Wells Fargo and more

By Liz Moyer

Investing.com -- Stocks reversed early losses and were rising on Tuesday as investors swooped in to bargain hunt. Here are the midday movers for Dec. 20.

• Tesla Inc (NASDAQ:TSLA) shares fell 5.6% after Evercore ISI cut its price target, citing challenges with production in China and the continuing drama at Twitter as CEO Elon Musk is reportedly on a search for a CEO for the social media platform he bought in October.

• General Mills Inc (NYSE:GIS) stock fell 4% after the cereal and packaged foods maker beat expectations for revenue and profit and raised its full-year forecast. Higher prices helped it offset rising costs.

• Wells Fargo &Company (NYSE:WFC) stock fell 1% after the banking giant agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau over allegations of loan mismanagement. 

• Moderna Inc (NASDAQ:MRNA) stock rose 6.6% after Jefferies upgraded it to buy from hold, citing growth opportunities for the pharmaceutical company beyond the COVID-19 vaccine that made it famous. Last week it announced its experimental cancer vaccine reduced the risk of death in skin cancer patients who were also using Merck's Keytruda.

• Curaleaf Holdings Inc (OTC:CURLF) stock fell 5.5% after the federal budget bill being hammered out on Capitol Hill this week failed to include a provision to allow cannabis companies access to banks. Trulieve Cannabis Corp (OTC:TCNNF) shares fell 4.8%.