These are the stocks posting the largest moves midday.
Check out the companies making the biggest moves midday: Peloton — The stock plunged 14% following the connected fitness company's announcement it will begin a "global refinancing" process that includes a convertible notes offering and a $1 billion five-year term loan. Peloton, which recently announced a restructuring plan , has struggled with falling sales. Lam Research — Shares added 2.
Toast — Shares fell more than 3% following a downgrade at Baird to neutral. The firm thinks the restaurant software firm may be overvalued after its 43% jump in 2024. Palo Alto Networks — The cybersecurity stock dropped 3% after issuing in-line guidance for the current quarter. Palo Alto Networks topped estimates for its fiscal third quarter but said it expects fourth-quarter billings to range between $3.43 billion and $3.48 billion. Analysts polled by FactSet expected $3.45 billion in billings.
Market Insider Markets Economy Business Stock Markets Breaking News: Markets Peloton Interactive Inc Lam Research Corp Astrazeneca PLC Macy's Inc Vinfast Auto Ltd Vinfast Auto Ltd Dell Technologies Inc Blackline Inc Toast Inc Palo Alto Networks Inc Keysight Technologies Inc Xpeng Inc Xpeng Inc Autozone Inc Lowe's Companies Inc Li Auto Inc Li Auto Inc Sprout Social Inc Business News
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