Stocks making the biggest moves midday: Gap, Peloton, Boeing, American Airlines, Twitter and more

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Check out the companies making headlines in midday trading.

Gap — Shares of the apparel retailer dropped more than 3% after Gap announced Monday that CEO Sonia Syngal is stepping down from her position. Wells Fargo downgraded the stock to equal weight from buy following the move, saying the firm can no longer recommend a stock that is dealing with so many challenges within its own company — especially as investors deal with a difficult economic backdrop.

Boeing — The aerospace company's shares jumped more than 8% after it reported that its deliveries have reached their highest monthly level since March 2019. Boeing delivered 51 airplanes in June, totaling 216 jets during the first half.

Airline stocks – Shares of American Airlines jumped 11% after the company updated its second-quarter guidance, expecting total revenue to rise by 12% compared to the same period in 2019. Delta Air Lines gained about 7.5% ahead of its earnings, which are scheduled for Wednesday. Southwest also rose more than 5% after Susquehanna upgraded the stock to a positive rating from neutral.

Peloton – Peloton shares added 3% after the fitness equipment maker said it's suspending its in-house manufacturing operations and broadening its partnership with Taiwanese manufacturer Rexon Industrial.

Twitter – Shares of the social media company rebounded more than 4% following a 11% decline in the previous session. Twitter said Monday in a letter that Elon Musk's bid to terminate his proposed $44 billion acquisition of the social media company is «invalid and wrongful.»

Dave & Buster's – Shares of Dave & Buster's fell nearly 3% to a 52-week low after the entertainment-themed restaurant announced a slew of executive changes to its C-suite. The