Midday movers: Pioneer Natural Resources, Tesla, Phillips and more

Investing.com — U.S. stocks were rising, erasing earlier losses after a stronger than expected jobs report for September.

Here are some of the biggest U.S. stock movers today:

• Pioneer Natural Resources (NYSE:) stock soared 10.9% after the WSJ reported that oil major ExxonMobil (NYSE:), down 1.2%, is currently in negotiations to buy the shale driller, potentially for about $60 billion.

• Tesla (NASDAQ:) stock fell 0.5% after the EV manufacturer cut the prices of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries that missed market expectations.

• Philips (NYSE:) ADRs fell 7.4% after the U.S. drug regulator deemed its handling of the recall of millions of ventilators used to treat sleep apnea inadequate.

• Walt Disney (NYSE:) stock rose 2.1% after Bernstein initiates coverage of the entertainment giant with an ‘outperform’ rating, saying its planned buyout of the streaming service Hulu will offset any near-term troubles and benefit the company long term.

• Levi Strauss (NYSE:) stock fell 2.7% after the jeans retailer narrowed its guidance after reporting third-quarter revenue that fell short of expectations amid ongoing U.S.-led weakness in its wholesale business.

• General Motors (NYSE:) stock rose 1.2% after the auto giant makes a sixth offer to the UAW union in an attempt to end the damaging strike.

• Virgin Galactic (NYSE:) stock rose 2.1% after the space travel company announced plans for Galactic 04 mission, its fifth space flight in five months.