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Stocks making the biggest moves midday: Shake Shack, Peloton, Canada Goose and more
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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
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