The largest stock price changes during the day were seen in Twitter, Tesla, Goldman Sachs, and IBM.

Check out the companies making headlines in midday trading.

After Elon Musk's offer to buy Twitter for $54.20 a share, the company's shares fell 1.7% despite earlier surges. Earlier this month, Musk disclosed a 9.2% stake in Twitter.

Despite its first-quarter results surpassing expectations, the bank's shares traded 0.1% lower after erasing earlier gains. Goldman's traders successfully navigated market volatility caused by the war in Ukraine, with the bank's fixed income desk generating $4.72 billion in revenue during the first quarter, thanks to strong activity in currencies and commodities.

The bank's shares increased by 0.8% following the release of its first-quarter earnings and revenue, which exceeded analyst predictions. Despite market volatility and higher completed M&A transactions, the bank experienced stronger-than-expected revenue from equity and fixed-income trading.

The bank's lower-than-expected revenue caused shares to fall 4.5%, with a slowdown in its mortgage banking arm and rising interest rates weighing on the results. Despite this, Wells Fargo beat profit expectations by releasing $1.1 billion from its credit reserves.

The health insurance giant's shares dropped 0.4% after the company exceeded expectations on both the top and bottom lines in the first quarter. UnitedHealth reported earnings per share of $5.49 on $80.1 billion in revenue. Analysts surveyed by Refinitiv had predicted $5.38 in earnings per share on $78.79 billion of revenue. Additionally, UnitedHealth's customer base grew by 1.5 million people compared to the previous year.

Rite Aid's fiscal fourth quarter saw a 3.6% decline in pharmacy stock and an adjusted $1.63 per-share loss. Additionally, the company announced a cost-cutting program that includes closing 145 unprofitable stores.

The stock of the footwear and apparel retailer increased by 4.7%. UBS has reaffirmed its buy rating on the stock and expressed optimism about the demand in North America, stating that it is "very bullish."

IBM's shares ended the day marginally higher after Morgan Stanley upgraded the stock to overweight and recommended it as a good "place to hide" in the current economic climate. Additionally, the bank increased its price target for the technology stock.

Western Digital and Seagate's shares dropped 3.2% and 3.2%, respectively, after Susquehanna Financial downgraded both stocks due to concerns about weaker demand next year. Western Digital was downgraded to "neutral," while Seagate was downgraded to "negative."

After Elon Musk announced his intention to buy Twitter and make it private, the stock price of electric vehicles dropped by 3.7%.

Rent The Runway reported a smaller-than-expected loss and beat revenue estimates for the previous quarter, but its shares ended the session flat after falling earlier.

— CNBC’s Jesse Pound, Yun Li and Hannah Miao contributed reporting