Stocks making the biggest moves midday: Adobe, RH, Hasbro and more

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. RH — The luxury retailer plummeted 18.6% after reporting a much wider loss per share in the first quarter than Wall Street anticipated.

The bank believes the cloud security company is trading at a discount and called it "a best-of-breed Zero Trust Network Security vendor." Boeing — Boeing shares slipped 1.7% following news that the Federal Aviation Administration is investigating allegations that the aircraft manufacturer, along with Airbus, may have used counterfeit titanium used in planes. The New York Times first reported news of the investigations.

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