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Midday movers: Alibaba, Oscar Health, PVH and more

By Liz Moyer

Investing.com -- Stocks were heading lower on Tuesday as bond yields rose and dinged tech stocks. Here are the midday movers for March 28.

  • Alibaba Group Holdings Ltd ADR (NYSE:BABA) shares rose 14% after the Chinese e-commerce giant said it would split into six divisions, including e-commerce and cloud. Each unit would be able to find its own funding, including a possible initial public offering.
  • Oscar Health Inc (NYSE:OSCR) shares jumped 64% after the insurer said Aetna's former CEO, Mark Bertolini, would become its CEO in April.

  • PVH Corp (NYSE:PVH) stock rose 19% after the parent of fashion brands Tommy Hilfiger and Calvin Klein beat fourth-quarter estimates for adjusted profit and revenue.

  • Walgreens Boots Alliance Inc (NASDAQ:WBA) shares rose 3.7% after the drugstore chain reported better-than-expected second-quarter adjusted earnings and sales.

  • Occidental Petroleum Corporation (NYSE:OXY) shares rose 4% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) revealed it raised its stake to 23.5% after acquiring 3.7 million shares.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.