Stocks making the biggest moves midday: General Electric, Walmart, Alibaba and Tapestry

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Traders work beneath a monitor displaying General Electric Co. signage on the floor of the New York Stock Exchange.

Michael Nagle | Bloomberg | Getty Images

Check out the companies making headlines in midday trading:

General Electric— Shares of GE plummeted 11.3% after Madoff whistleblower Harry Markopolos accused the company of issuing fraudulent financial statements to cover up its problems. Markopolos took aim at past and present executives in his report and said that GE is “a bigger fraud than Enron.”

Walmart— Shares of the world’s largest retailer rose 6.1% after reporting strong


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