Stocks making the biggest moves midday: WeWork, Snowflake, United Airlines, Rite Aid and more

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Check out the companies making headlines in midday trading Thursday.

WeWork — Shares of WeWork jumped more than 9% after Credit Suisse initiated coverage of the office-sharing stock with an outperform rating and an $11 price target, more than double its Wednesday closing level. The firm said the company is poised to benefit from its first mover advantage.

Snowflake — The cloud data provider saw its shares advance more than 9% after JPMorgan upgraded them to overweight from neutral and said the company is «reaching an inflection point in terms of material Free Cash Flow generation.» The firm also reiterated its price target, which is about 30% from where the stock closed Wednesday.

United Airlines — Shares dropped more than 3% after the company cut 12% of flights out of Newark in a bid to reduce delays. United Airlines is trimming 50 flights on a daily basis starting July 1.

Rite Aid — The pharmacy's shares jumped 15% after the company reported better-than-expected revenue and a smaller-than-expected quarterly loss for its most recent quarter.

KB Home — Shares of KB Home jumped nearly 9% after the homebuilder reported better-than-expected results for its fiscal second quarter. KB Home generated $2.32 in earnings per share on $1.72 billion in revenue. Analysts surveyed by Refinitiv were looking for $2.03 in earnings per share on $1.64 billion in revenue. The company also reaffirmed its fiscal 2022 outlook.

Revlon — Revlon slid 12%, following a three-day win streak for the beauty stock that followed its Chapter 11 bankruptcy filing last week. The cosmetics maker's shares have surged more than fourfold over the past three sessions.

Veeva Systems — Shares of Veeva Systems, a cloud-based software provider for