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

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Check out the companies making headlines in midday trading Friday.

Zscaler — Zscaler surged 20% after reporting strong earnings in its most recent quarter. The company posted adjusted earnings of 25 cents per share on $318 million in revenue. Analysts surveyed by Refinitiv were expecting earnings of 20 cents per share on revenues of $305 million.

DocuSign — Shares jumped 9.9% after the electronic agreement company's quarterly numbers topped analyst expectations. DocuSign's revenue guidance for the third quarter was also above expectations, and its full-year outlook was in line with estimates.

Regeneron Pharmaceuticals — The pharmaceutical stock gained 3.5% after Morgan Stanley upgraded shares to overweight from equal weight following the release of positive results from its eye drug trial. Regeneron soared nearly 19% the prior day on the back of those results.

Lyft — The ride-hailing company popped 5.8% amid rumors on social media platforms that Lyft could be an acquisition target. The stock jumped 17% the prior day.

Kroger — Shares traded nearly 6% higher after the supermarket chain surpassed earnings expectations for the previous quarter and raised its full-year guidance.

GameStop, Bed Bath & Beyond — Two of the main meme stocks outperformed on Friday as investors piled back into risk assets. Shares of GameStop rose more than 10%, while Bed Bath & Beyond jumped 8%. There was no clear catalyst for either stock's move.

RH — Shares of the company formerly known as Restoration Hardware rose more than 5.8% after a better-than-expected quarterly report. RH earned an adjusted $8.08 per share on $992 million of revenue. Analysts surveyed by Refinitiv had penciled in $6.71 per share on $968 million of revenue.