Stocks making the biggest moves midday: GameStop, Adobe, General Mills and more

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Check out the companies making headlines in midday trading.

Adobe — Shares for the computer software company tumbled 10% in midday trading. Adobe beat earnings, but reported a weak outlook. The company expects a $75 million hit to its business from the Russia-Ukraine conflict. In the first quarter, Adobe beat estimates by 3 cents, reporting adjusted quarterly earnings of $3.37 per share.

General Mills — The food company's stock price jumped 2.5% in midday trading. General Mills reported better-than-expected quarterly earnings and raised its full-year outlook. The firm earned an adjusted 84 cents per share, 6 cents more than consensus estimates.

Poshmark — Shares of the online clothing marketplace rose 4.6% a day after the firm reported a slightly smaller-than-expected loss and beat on revenue in the recent quarter. Poshmark also reported weaker-than-expected guidance for the current quarter, which led shares to initially slide.

Winnebago — Shares for the recreational vehicle maker plummeted 10% in midday trading. Winnebago reported adjusted quarterly earnings of $3.14 per share, beating consensus estimates of $2.94 from analysts.

GameStop — The meme stock skyrocketed 13% in midday trading Wednesday after GameStop Chair Ryan Cohen on Tuesday bought an additional 100,000 shares. Cohen's stake in the video game retailer expanded to 11.9%.

Tilray Brands, Aurora Cannabis — Cannabis stocks jumped in midday trading after two major acquisitions were reported in the industry. Cresco Labs will acquire Columbia Care in a $2 billion deal, according to Reuters. Aurora Cannabis said it is purchasing TerraFarma in a C$38 billion deal. Tilray spiked 3.5%, and Aurora Cannabis jumped 1%.

Okta — Shares of Okta fell more