Stocks making the biggest moves midday: SoFi, McDonald's, Western Digital, On Semiconductor and more

Check out the companies making headlines in midday trading. SoFi Technologies — Shares seesawed as traders digested the company's latest quarterly results. SoFi posted a massive third-quarter revenue beat and raised its outlook for the full year. The company reported $531 million in revenue, exceeding an LSEG estimate of $512.1 million. Its revenue was boosted by higher-than-expected student loan originations for the quarterly period, SoFi said. Shares were last down 1%.

sales grew 8.8% in the quarter, topping analyst estimates. Although McDonald's recorded a dip in U.S. traffic, the company's U.S. same-store sales rose 8.1%.Stellantis reached a deal with the union on Saturday, while GM made an agreement on Monday, sources told CNBC. Shares of— Shares of the data storage company jumped 6% after the company performed better than analysts polled by LSEG expected in the fiscal first quarter.

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