Stocks making the biggest moves midday: Amazon, Verisign, Honeywell and more

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Check out the companies making headlines in midday trading.

Amazon — Shares of the e-commerce company slumped 13% after issuing weak revenue guidance for the current quarter. Amazon also shared a $7.6 billion loss on its investment in electric vehicle maker Rivian, which lost more than half of its value in the previous quarter.

Verisign — Shares of Verisign lost 13% after the Internet infrastructure company reported first quarter earnings of $1.43 per share, which was below analysts' estimates of $1.50 per share, according to FactSet. Following the results, Baird downgraded the stock to neutral from outperform.

Honeywell — Honeywell's stock price rallied 2.6% after the aerospace products company topped analysts' expectations. The company posted earnings of $1.91 per share on revenues of $8.38 billion. In comparison, analysts expected earnings of $1.86 earnings per share on revenues of $8.29 billion, according to Refinitiv.

Mohawk Industries — The flooring company's shares jumped more than 7% following Mohawk's quarterly results. Mohawk topped revenue estimates of $2.85 billion, according to FactSet, posting $3.02 billion for the quarter.

AbbVie — Shares of the biopharmaceutical company plummeted more than 9% after AbbVie lowered its full year guidance. AbbVie reported earnings of $3.16 per share, surpassing FactSet consensus estimates of $3.14 earnings per share. However, the company reported a wide revenue miss with revenues of $13.54 billion, compared to consensus estimates of $13.66 billion from FactSet.

Charter Communications — The telecommunications company saw shares fall more than 8% after it reported adjusted EBITDA of $5.21 per share for the first quarter, which slightly missed estimates of $5.26