Stocks making the biggest moves midday: Roblox, Icahn Enterprises, Rivian, Airbnb and more

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Check out the companies making the biggest moves midday:

Roblox — Shares added 6% after the video game company reported bookings, or revenue, of $774 million, topping the $766 million expected from analysts polled by Refinitiv. Average daily active users reached 66 million, a 22% year-over-year increase. However, Roblox reported a loss of 44 cents per share, larger than the 40 cents loss per share expected by analysts.

Icahn Enterprises — Carl Icahn's conglomerate saw its stock drop more than 15% after a regulatory filing revealed the U.S. Attorney's office for the Southern District of New York contacted the company seeking information about corporate governance and other materials. Regulators sought information a day after notable short seller Hindenburg Research took a short position against Icahn's company, alleging «inflated» asset valuations.

Rivian — Shares of the electric vehicle maker added nearly 4% on Wednesday. On Tuesday, the company reported a smaller-than-expected quarterly loss and said it expects to still meet forward guidance targets. Its revenue of $661 million topped the $652 million expected from analysts polled by Refinitiv.

Airbnb — The vacation booking stock plummeted 10% the day after the company shared a soft outlook. While Airbnb beat top-and-bottom line expectations for the first quarter, it warned of lower average daily rates in the second quarter and slower growth in nights booked compared to a year ago.

Twilio — Shares sank 15%. On Tuesday, the software company announced its revenue forecast for the second quarter, which came in lighter than expected. Twilio anticipates between $980 million and $990 million in revenue, while analysts polled by Refinitiv were expecting $1.05