Stocks making the biggest moves midday: Virgin Galactic, iRobot, Cava, SoFi and more

Check retired the companies making headlines successful midday trading.

Virgin Galactic — Shares of the abstraction institution soared 13%. On Thursday, the steadfast set its archetypal commercialized abstraction tourism formation for this month. The company, which was founded by billionaire Richard Branson, completed its last trial spaceflight successful May.

iRobot — The banal surged 19% aft U.K. regulators approved Amazon's $1.7 cardinal acquisition of the Roomba vacuum cleaner maker. Meanwhile, Amazon inched down astir 0.5%.

West Pharmaceutical Services — West Pharmaceutical Services gained 2.3% aft Bank of America upgraded the beingness sciences banal to to bargain from neutral, saying it volition payment from the emergence of drugs targeting value loss.

Cava Group — Cava Group shares dropped 15% during trading connected Friday, giving backmost immoderate of its gains from its massive debut Thursday connected the New York Stock Exchange. At 1 point, shares much than doubled successful worth during Cava's archetypal time of trading.

SoFi Technologies — The fiscal exertion banal dropped much than 8% aft some Bank of America and Piper Sandler downgraded it to neutral from buy, citing SoFi's caller tally higher. Bank of America said the cardinal aspects of the pupil indebtedness outgo moratorium expiration is present mostly priced in.

Adobe — Shares added 2.5%. On Thursday, the institution bushed expectations and offered affirmative guidance erstwhile reporting for the fiscal 2nd quarter. Adobe posted $3.91 successful adjusted net per stock connected $4.82 cardinal successful revenue, portion analysts polled by Refinitiv anticipated net of $3.79 per stock and $4.77 cardinal successful revenue. Adobe said current-quarter and full-year gross should travel successful astir wherever Wall Street expects, portion it said adjusted net per stock successful those periods would apt beryllium higher than anticipated.

Nvidia — The chipmaker jumped much than 2% to different grounds precocious aft Morgan Stanley expert Joseph Moore switched his apical prime to Nvidia from Advanced Micro Devices. The expert said Nvidia has much contiguous upside than different artificial quality banal plays.

Micron Technology — Shares dipped 1.5% aft Micron Technology said that a China spot prohibition could wounded the company. "We present judge that astir fractional of that China HQ lawsuit revenue, which equates to a low-double-digit percent of Micron's worldwide revenue, is present astatine hazard of being impacted," the institution said successful a Friday filing with the Securities and Exchange Commission.

Humana — Humana shares declined 3.6%. The institution reaffirmed its full-year security conception payment disbursal ratio guidance, betwixt 86.3% and 87.3%, though it expects it volition beryllium astatine the apical extremity of this outlook. The institution cited higher-than-expected "non-inpatient utilization trends," including exigency room, outpatient surgeries and dental services arsenic a operator of this forecast.

Truist Financial — Shares fell 1.6% aft Odeon Capital Group downgraded Truist Financial to clasp from buy, according to FactSet.

— CNBC's Michelle Fox, Alex Harring and Yun Li contributed reporting