Stocks making the biggest moves midday: Peloton, Salesforce, Dollar Tree and more

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Check out the companies making the biggest moves midday:

Peloton — Shares of Peloton plunged over 17% after the company reported quarterly results Thursday showing a wider than anticipated loss and declining revenue. The company also did not give an outlook for its next fiscal year.

Salesforce — Shares of the enterprise software maker dropped about 5.6% after the company gave a disappointing forecast for fiscal 2023. Salesforce did report earnings and revenue that topped analysts' estimates, while approving a $10 billion stock buyback program, a first for the company.

Snowflake –Snowflake shares surged 20% after beating Wall Street's revenue estimates in the recent quarter. The cloud data platform provider said product revenue grew 83% year over year.

Splunk — Splunk shares dropped 11% after reporting earnings after the bell Wednesday, despite posting better-than-expected revenue. The big-data company noted headwinds affected the quarter. CNBC's Jim Cramer believes the stock "is in the crosshairs of Snowflake."

Figs- Figs shares jumped more than 8% after billionaire investor Ron Baron said on CNBC's «Squawk Box» that he's been buying shares of the medical apparel company. Baron called it the «Lululemon of health care,» referring to one of the fastest growing apparel stocks of the past decade.

SoFi Technologies – Shares of SoFi gained 1.5% a day after President Joe Biden forgave $10,000 in federal student loan debt for most borrowers. On Wednesday, Mizuho said the company is a buy following the news.

Dollar Tree — Shares of the discount retailer slumped 10% after the company cut its forecast for the full year, citing attempts to offer competitive pricing. The company beat on earnings estimates but reported