Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more

Check out the companies making headlines in midday trading: Genuine Parts — Shares fell about 20% on the back of the company's weaker-than-expected earnings for the third quarter. During the period, Genuine Parts earned $1.88 per share, excluding items, below the $2.42 per share that analysts polled by FactSet were expecting. It also slashed its full-year forecast. The stock was headed for its worst day on record.

Deckers Outdoor — Shares fell nearly 3% following BTIG's downgrade of the footwear and apparel maker to neutral from buy. The firm believes signs of moderating growth are putting shares "at risk." First Solar — Shares popped 3.4% on the heels of Citi's upgrade to buy from neutral. Citi said First Solar should be able to benefit regardless of who wins the U.S. presidential election in November.

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