Here's Why Tesla, Moderna, Peloton And Zoom Are Moving

Tesla Inc TSLA shares are trading higher on continued strength following Monday’s Canaccord Genuity upgrade from Hold to Buy and price target update from $419 to $1,071.

Another notable upgrade came last week from Daniel Ives of Wedbush, who upgraded Tesla to Outperform from Neutral and upped the price target from $950 to $1,000. Ives has a long-term bull case target of $1,300 on Tesla. 

Shares of Tesla are trading higher by 5% at $737.15 Tuesday morning.

Moderna Inc MRNA shares are trading higher by 7.76% at $150.22 after the U.S. calls for a pause on competitor Johnson & Johnson JNJ COVID-19 vaccine after blood clotting cases.

See also: How to Buy Moderna MRNA Stock 

Shares of several stay-at-home stocks, including Zoom Video Communications Inc ZM and Peloton Interactive Inc PTON, are also trading higher after the FDA asked U.S. states to pause administration of J&J's COVID-19 vaccine following blood clots in six individuals.