Stocks making the biggest moves midday: Zscaler, DocuSign, Virgin Galactic, Kroger and more

Check retired the companies making headlines successful midday trading Friday.

Zscaler — Zscaler surged 20% aft reporting beardown net successful its astir caller quarter. The institution posted adjusted net of 25 cents per stock connected $318 cardinal successful revenue. Analysts surveyed by Refinitiv were expecting net of 20 cents per stock connected revenues of $305 million.

DocuSign — Shares jumped 9.9% aft the physics statement company's quarterly numbers topped expert expectations. DocuSign's gross guidance for the 3rd 4th was besides supra expectations, and its full-year outlook was successful enactment with estimates.

Regeneron Pharmaceuticals — The pharmaceutical banal gained 3.5% aft Morgan Stanley upgraded shares to overweight from adjacent value pursuing the merchandise of affirmative results from its oculus cause trial. Regeneron soared astir 19% the anterior time connected the backmost of those results.

Lyft — The ride-hailing institution popped 5.8% amid rumors connected societal media platforms that Lyft could beryllium an acquisition target. The banal jumped 17% the anterior day.

Kroger — Shares traded astir 6% higher aft the supermarket concatenation surpassed net expectations for the erstwhile 4th and raised its full-year guidance.

GameStop, Bed Bath & Beyond — Two of the main meme stocks outperformed connected Friday arsenic investors piled backmost into hazard assets. Shares of GameStop roseate much than 10%, portion Bed Bath & Beyond jumped 8%. There was nary wide catalyst for either stock's move.

RH — Shares of the institution formerly known arsenic Restoration Hardware roseate much than 5.8% aft a better-than-expected quarterly report. RH earned an adjusted $8.08 per stock connected $992 cardinal of revenue. Analysts surveyed by Refinitiv had penciled successful $6.71 per stock connected $968 cardinal of revenue. However, the institution did task for 3rd 4th nett gross to beryllium down betwixt 15% and 18%, and its CEO said connected the expert telephone that the system is successful a recession.

Tesla — Tesla's banal roseate 3.1% aft a missive to the Texas Comptroller's Office revealed that the electrical car elephantine is weighing gathering a lithium mill successful the state for electrical conveyance batteries.

Navient — Shares of the pupil indebtedness servicer fell 4% aft Barclays downgraded the banal to adjacent weight, citing risks from President Joe Biden's indebtedness forgiveness program that could perchance wounded the company's net going forward.

Enphase Energy — Enphase dropped 4.8% aft Guggenheim downgraded shares to neutral from buy, saying the vigor banal is "now reasonably valued and that upside to our estimates is unlikely."

Virgin Galactic — Shares of Virgin Galactic tumbled much than 6.1% aft Bernstein downgraded the banal to underperform from marketplace execute and chopped its terms people to $4 from $7 per share. Analyst Douglas Harned cited declining assurance successful the occurrence of the abstraction tourism company's business.

Caterpillar — The banal roseate 3% aft the operation instrumentality shaper said it reached a colony with the Internal Revenue Service, resolving a multiyear taxation quality without penalties.

National Beverage — Shares dropped 9% aft the institution disappointed successful its astir caller net report. National Beverage reported net of 38 cents per stock connected gross of $318.12 million, compared with statement estimates of 55 cents net per stock connected gross of $327.29 million, according to StreetAccount.

Zumiez — The apparel retail institution saw shares autumn astir 1% aft it reported disappointing results for its astir caller quarter. The institution posted net of 16 cents per share, which missed a StreetAccount estimation of 47 cents per share. The company's gross borderline besides fell abbreviated of expectations.

— CNBC's Tanaya Macheel, Jesse Pound, Samantha Subin, Michelle Fox Theobald contributed reporting.