Stocks making the biggest moves midday: Amazon, Snap, Ford, Clorox and more

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Check out the companies making headlines in midday trading.

Amazon — Shares of Amazon popped more than 14% following a stellar quarterly report. The company said its investment in electric vehicle company Rivian gained almost $12 billion in the fourth quarter. Amazon Web Services delivered almost 40% year-over-year growth in the fourth quarter, beating Wall Street estimates. Amazon also announced it would increase the price of Prime to $139 from $119 for annual memberships. The cost of a monthly Prime membership will also rise to $14.99 from $12.99.

Ford Motor — Ford fell more than 10% after a weaker-than-expected quarterly report. The automaker posted earnings of 26 cents per share on revenue of $35.3 billion. Analysts surveyed by Refinitiv expected a profit of 45 cents per share on revenue of $35.52 billion.

Snap — Shares of the social media platform soared a whopping 52% after the company reported its first-ever quarterly net profit. Snap's quarterly results also showed it's seeing quicker-than-expected progress on its transition with advertisers around Apple's privacy changes on iOS. Its shares had just suffered a 23.6% sell-off on Thursday, prior to the earnings release.

Clorox — The cleaning products stock tumbled more than 14% after Clorox's second-quarter earnings came in at 66 cents per share, which was 18 cents below expectations, according to Refinitiv. Clorox also delivered full-year earnings guidance that missed estimates. Atlantic Equities downgraded the stock to underweight.

Pinterest — Pinterest popped more than 6% following a better-than-expected quarterly report. The social media platform posted earnings of 49 cents per share, 4 cents above the Refinitv consensus estimate. Revenue also