Stocks making the biggest moves midday: Coinbase, SoFi, DoorDash and more

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Check out the companies making headlines in midday trading.

Toyota Motor — Shares rose 1.7%, hitting a new 52-week high, after the company reported a revenue beat in the fiscal first quarter. Toyota posted operating income of 1.12 million yen ($7.84 billion), which was 94% higher than a year prior. Analysts polled by Refinitiv had expected 9.878 trillion yen.

Coinbase – Shares of the crypto exchange dropped 8% after a federal judge said some crypto assets are securities regardless of the context in which they are sold. The opinion came from the same Manhattan federal court that handed down a controversial ruling in the Securities and Exchange's suit against Ripple in July, which said the opposite in the case of Ripple's XRP token and gave investors optimism that Coinbase might prevail in its own battle with the SEC.

ResMed — The health technology stock advanced 1.9% after RBC upgraded shares to outperform, citing an appealing risk-reward profile.

Gap, American Eagle— Shares of Gap were up 2% during midday trading after Barclays upgraded the stock to overweight from equal weight. Analyst Adrienne Yih assigned a $13 price target to the company, which suggests shares could rally 26.2% from Monday's close. Barclays also upgraded retailer American Eagle, which gained 2.8%.

DoorDash — Shares tumbled about 4% ahead of the company's quarterly earnings announcement Wednesday after the bell.

ZoomInfo Technologies – Shares tumbled 25% after the data company reported a weak revenue outlook for the third quarter in its financial update late Monday. ZoomInfo forecast $309 million to $312 million in revenue for the quarter. Analysts expect $326 million, according to Refinitiv. The company also missed revenue