Stocks making the biggest moves midday: Microsoft, Mattel, F5, DraftKings, Clorox and more

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Check out the companies making headlines in midday trading.

Corning — Shares of the tech and specialty glass company rallied more than 12% in midday trading after beating on the top and bottom lines of its quarterly results. Corning earned 54 cents per share on revenue of $3.71 billion. Wall Street expected earnings of 52 cents per share on revenue of $3.59 billion, according to Refinitiv.

DraftKings — The sports-betting stock jumped more than 17% following an upgrade to overweight from equal weight from Morgan Stanley. The firm said in a note that DraftKings was likely to be one of the long-term winners in the competitive online gambling space.

F5 — Shares of the cloud security company slid more than 10% following current quarter guidance issued by F5 that fell below analysts' expectations. The company also cut its full-year outlook, citing supply chain issues.

Mattel — The toy stock surged 9% after Mattel announced that it had won back the license to make toys based on the Walt Disney princess lineup. The company had lost the license to rival Hasbro in 2016.

Microsoft — Shares of Microsoft climbed 5.3% after the company gave an upbeat forecast for the current quarter on continued growth in cloud services revenue. It also reported a quarterly profit of $2.48 per share, beating analysts' estimates by 17 cents, as well as revenue that beat forecasts.

Automatic Data Processing — Shares of ADP dropped more than 5% in midday trading despite the payroll firm reporting better-than-expected fiscal second-quarter earnings. The company earned $1.65 per share, topping estimates of $1.63 per share, according to Refinitiv. ADP also beat Wall Street's revenue forecasts.

Kimberly-Clark Corporation — The consumer