Stocks making the biggest moves midday: Snap, Apple, Boeing and more

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Check out the companies making headlines in midday trading.

Snap — The tech company's shares gained almost 13%, having their strongest day since November. Shares gained as U.S. lawmakers prepare legislation that would give President Joe Biden the authority to ban TikTok, one of Snapchat's primary competitors.

Apple — Shares advanced more than 3% after Goldman Sachs initiated coverage of the big technology stock as a buy. The firm said Apple could get boosted by its services business.

Credit Suisse — Shares were down about 1% after former top shareholder Harris Associates sold its entire stake in Credit Suisse, according to a Financial Times report. Harris Associates CIO David Herro said there are questions about the future of the franchise and large outflows from its wealth management division.

Boeing — The aerospace company's shares fell 1.6% following reports that software issues could delay deliveries of its MAX and 787 aircraft by up to a year.

RH — The furniture store, formerly known as Restoration Hardware, saw its stock dip more than 2% afterJefferies downgraded it to hold from buy. The Wall Street firm said the luxury housing market is struggling to stabilize, which will impact RH's business.

Biomarin Pharmaceutical — Shares dropped by more than 6% after competitor BridgeBio Pharma reported positive trial data on its candidate for achondroplasia, the most common form of dwarfism, in children, which could challenge Biomarin's Voxzogo medication. 

Emerson Electric — Shares rose about 3% followingan upgrade by UBS to buy from neutral. The Wall Street firm said the derating of Emerson Electric is overdone.

Vir Biotechnology — The biotech stock added 1.4% following a JPMorgan upgrade to overweight