The largest stock price changes during the day were seen in Bed Bath & Beyond, United, PVH, and others.

Check out the companies making headlines in midday trading.

The retailer's shares surged 34.2% after it was revealed that GameStop's Chairman Ryan Cohen held a nearly 10% stake in the company through his investment company RC Ventures. Cohen suggested that the home goods retailer should consider selling itself to a private equity firm and separating its BuyBuy Baby chain.

Last week, air carriers experienced a decline in their stock prices after fuel costs increased by 32%, reaching their highest level in over 13 years. United Airlines experienced a 15% drop, while Delta and American Airlines fell 12.8% and 12%, respectively.

Ralph Lauren and PVH were downgraded by Wedbush due to concerns about their exposure to Europe amid the Russia-Ukraine war, while retail stocks fell 12.2% and 15.4%, respectively.

The Russia-Ukraine conflict led to a surge in oil prices, which in turn boosted energy stocks. On Monday, Schlumberger's stock increased by 8.1%, Halliburton surged by 6.2%, and Baker Hughes experienced a 4.7% jump.

The agricultural company's shares rose 1.4% due to investors anticipating higher wheat prices resulting from supply concerns following Russia's invasion of Ukraine.

After U.S. payments companies announced they were halting operations in Russia over the weekend, Visa's stock dropped 4.8% and Mastercard fell 5.4%.

Berkshire Hathaway's $5 billion stake in the oil giant caused shares to fall 1.4% after an SEC filing on Friday. The company purchased over 61 million common shares last week at prices ranging from $47.07 to $56.45.

After a downgrade to hold from Jefferies, the bank's stock dropped 1.8%. The investment firm stated that Citi was unlikely to achieve the financial targets set by management during last week's investor day. Additionally, bank stocks experienced a broad decline on Monday.

JPMorgan downgraded Philip Morris's stock from overweight to neutral, causing a 6.6% decline in shares of the tobacco company. The firm stated that Russia's invasion of Ukraine could negatively impact the company, as both countries are significant markets for Philip Morris.

Palantir's stock was upgraded to equal weight from underweight by Morgan Stanley, with the firm stating that the company's risks are now largely priced in.

NextEra Energy's stock price increased by 5% following KeyBanc's upgrade from sector weight to overweight. The firm predicted that the company could experience a resurgence due to the ongoing oil price increase.

DraftKings' stock price dropped 12.8% after Argus lowered its rating from buy to hold. The investment firm predicted in a note that the company's revenue growth would slow down this year due to the decreasing number of states legalizing sports gambling.

The reporting for CNBC was done by Sarah Min, Tanaya Macheel, Samatha Subin, and Jesse Pound.