Midday movers: Tesla, Bed Bath & Beyond, First Republic and more

Investing.com — Stocks were falling on Monday as investors prepared for a big wave of big tech and other corporate earnings reports. Here are the market movers for April 24.

• Tesla Inc (NASDAQ:) shares fell 2.9% after the electric car maker said it would spend more than originally forecast this year to increase its output. It raised its forecast for capital expenditures to $7 billion to $9B from an earlier forecast for $6B to $8B.
• Bed Bath & Beyond Inc (NASDAQ:) shares fell 32.8% after the struggling home goods retailer filed for bankruptcy protection on Sunday. Efforts to raise cash by selling stock fell short of expectations.
• First Republic Bank (NYSE:) shares rose 9% as the regional bank is scheduled to report earnings after tonight’s closing bell. Investors will be listening to what the executives have to say about lending and deposit trends.
• Walt Disney Company (NYSE:) shares dipped 0.6% after the Hollywood studio, theme park and media giant started another round of job cuts as it seeks to cut headcount by 7,000.

• Getty Images Holdings Inc (NYSE:) shares jumped 36% after activist investor Trillium Capital offered to buy the outstanding shares it doesn’t already own for $10 each, valuing the stock-photo platform at $3.95B.