Stocks making the biggest moves midday: Peloton, Toast, Illumina and more
Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices on some equipment and closing a number of retail stores. Illumina — The gene-sequencing technology company dropped more than 9% after reporting lower- than-expected second-quarter profit and revenue. Illumina also issued an outlook that fell short of analyst estimates . New York Times — Shares of the newspaper fell 3%, retreating from a near 11% rally in the previous session. Thursday's rally came after activist investor ValueAct Capital took a 6.7% stake, pushing the publisher to charge more for subscriber-only content. Toast — Shares of the payment tech company jumped more than 12% after it raised its earnings outlook for the year. The company als...