The largest stock price changes during the day: Chevron, Caterpillar, SunPower and others.

Check out the companies making headlines in midday trading.

After announcing the halt of all spot purchases of Russian crude oil, Shell's shares dropped 2.7%. The company also expressed regret for purchasing a discounted batch of Russian oil.

The sporting goods giant's shares rose 2.1% after the company reported better-than-expected profits and sales growth in its holiday quarter. Additionally, Dick's provided a forecast for 2022 earnings and same-store sales, which it says sets a foundation for future growth following the pandemic.

As the Russia-Ukraine conflict continues to shift attention toward alternative energy sources, Enphase Energy and SunPower experienced a 10.8% and 18.7% increase in stock prices, respectively. President Joe Biden also announced a ban on Russian oil and gas imports on Tuesday.

As oil prices increase and the U.S. imposes a ban on Russian oil and gas imports due to its conflict with Ukraine, traditional energy stocks such as Chevron and Exxon experienced gains, with Chevron's shares rising 5.2% and Exxon's shares increasing by 0.8%.

On Tuesday, the telecom company's shares rose 5.2% after UBS upgraded Dish to a buy rating. In a client note, UBS stated that Dish's spectrum holdings are undervalued and serve as a safeguard against potential risks for the stock.

On Tuesday, Apple held its first launch event of the year and announced a new affordable iPhone, an update to the iPad Air, and its latest, most powerful Mac chip. As a result, Apple shares fell 1.2%.

Caterpillar's stock was upgraded to a buy rating by Jefferies, resulting in a 6.8% increase in shares, due to the surge in commodities prices caused by Russia's invasion of Ukraine.

Petco's shares increased by 8% following the company's successful beating of analysts' expectations on both the top and bottom lines in the fourth quarter. Additionally, the pet retailer provided optimistic revenue projections for 2022.

After Mizuho upgraded the cybersecurity firm's stock to a buy rating from neutral, shares surged more than 3.3%. Mizuho stated that the company is "difficult to ignore."

ThredUp's shares dropped 0.8% after the company reported weaker-than-expected quarterly results. Despite meeting analysts' revenue estimates, ThredUp's first-quarter revenue guidance was lower than expected, and the company posted a loss of 18 cents per share, which was 1 cent higher than the Refinitiv consensus estimate of 17 cents per share.

— CNBC’s Yun Li, Jesse Pound and Maggie Fitzgerald contributed reporting