Today news
About the same in other media
Stocks making the biggest moves midday: Shake Shack, Peloton, Canada Goose and more
Reading now: 687
cnbc.comIn this article
Check out the companies making headlines in midday trading.
Peloton — Shares of the exercise bike company tumbled more than 34% after the firm reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter. Peloton also slashed its outlook for the full fiscal year amid softened demand for its exercise equipment and ongoing supply chain challenges. Several Wall Street investment firms downgraded the stock following Peloton's dismal results.
Shake Shack — Shares of the burger chain jumped 21% despite its third-quarter revenue missing expectations. Shake Shack reported an adjusted loss of 5 cents per share on $193.9 million in revenue for the quarter, while analysts expected by Refinitiv were
Read more on cnbc.comAbout this in other media
Tech this week: Teen arrested over €32 million crypto heist and Elon Musk continues Tesla stock sale euronews.com /3 years ago
Andy Byford: ‘We can’t let London’s transport fall into managed decline’ theguardian.com /3 years ago
Canadian Bitcoin mining company now offers a bridge for the information and solutions gap in blockchain cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
