Some of the largest stock price changes during the day were seen in Robinhood, EPAM Systems, Kroger, and others.

Check out the companies making headlines in midday trading Friday.

Goldman Sachs downgraded the trading app's stock to sell from neutral, citing softening retail engagement levels, continued weakness in account growth, and a limited path to near-term profitability. As a result, shares of the trading app dropped nearly 7%.

WD-40's quarterly results surpassed analyst expectations, causing the stock to rise 7.2%. The lubricant manufacturer reported a profit of $1.41 per share, significantly higher than the Refinitiv consensus estimate of $1.01 per share.

The software company's shares surged 10.1% after EPAM Systems announced it would end its operations in Russia. Stifel analysts viewed the decision as positive, stating in a late Thursday note that it removed the most visible obstacle.

Kroger's stock was upgraded to buy from neutral by Bank of America, resulting in a nearly 3% increase in shares for the grocery chain. The firm predicts that Kroger can successfully transfer the rising food costs to its customers.

On Thursday, Target was named a top pick in retail by Barclays, resulting in a 2.3% increase in shares, as the bank stated that the stock is undervalued despite its strong fundamentals.

After Bank of America downgraded UPS shares, the stock price dropped 0.9%. The bank also downgraded eight other transport companies due to concerns about declining demand and falling prices.

After UBS downgraded HP's stock from buy to neutral, shares for the computer maker declined 3.6%. UBS predicts that high valuations and weak consumer sentiment will limit the potential growth for HP. This announcement comes after Warren Buffett's Berkshire Hathaway purchased a significant stake in the company this week.

— CNBC’s Yun Li and Samantha Subin contributed reporting.