Stocks making the biggest moves midday: Home Depot, DocuSign, General Mills and more

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Check out the companies making headlines in midday trading Tuesday:

Generac Holdings — Generac's stock slumped 7% as Truist downgraded the generator maker to a hold from a buy rating, citing high interest rates and sticky inflation that could hurt the company's outlook.

Home Depot — Shares of the home improvement retailer dropped 6% after the company posted a quarterly revenue miss for the first time since 2019. Home Depot also provided a muted outlook for fiscal 2023 and expects sales growth to be approximately flat due to a tougher consumer backdrop and a pivot away from goods toward services.

HSBC Holdings — The bank stock rallied nearly 5% after reporting a fourth-quarter pre-tax profit of $5.2 billion, topping expectations. HSBC said the results reflect lower reported operating expenses and strong reported revenue growth.

AutoNation  — Shares dropped 7% after JPMorgan downgraded the stock to underweight from neutral. The Wall Street firm said AutoNation is starting to look overvalued after its outperformance during the Covid pandemic.

DocuSign — Shares slid 9.3% during midday trading after UBS downgraded the company to sell from neutral, citing concerns about dwindling growth in fiscal year 2024.

Nordson Corp. — Shares of the adhesive manufacturing company fell 13% after it missed fiscal first-quarter expectations. Nordson reported sales of $610.5 million in the period and earnings per share of $1.95, excluding items. Analysts surveyed by FactSet had expected $623.9 million in sales and earnings per share of $1.98.

Vir Biotechnology — Shares of the immunology company soared nearly 8%. Goldman Sachsupgraded Vir to buy from neutral. The Wall Street firm said Vir's stock could more than double going