Midday Stock Moves include those for Peloton, Toast, Illumina, and other Companies.

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Look at the businesses moving most quickly at noon:

The peloton Following the company’s announcement that it would be eliminating around 780 positions, increasing the cost of some equipment, and closing a number of retail locations, Peloton’s stock price increased by 6%.

Illumina — After announcing lower-than-anticipated revenue and earnings for the second quarter, the maker of gene-sequencing technology saw its stock fall more than 9%. Additionally, Illumina provided a forecast that was below what analysts had predicted.

The New York Times The newspaper’s stock declined 3% after rising by about 11% the previous session. The publisher was pressured to raise the price for content available to subscribers after activist investor ValueAct Capital acquired a 6.7% interest, which led to Thursday’s rise.

Toast — After raising its annual earnings projection, the payment technology company saw a more than 12% increase in share price. The business also disclosed a loss for the most recent quarter, but it was smaller than analysts had predicted.

Rivian — After exceeding revenue projections in the most recent quarter and reporting a smaller-than-expected loss per share, the electric vehicle manufacturer’s stock price increased by over 1%. Rivian reaffirmed its delivery forecast for the year and stated that it anticipates a greater loss than expected.

Poshmark — Following the release of weaker-than-anticipated revenue guidance for the current quarter, the online fashion retailer suffered an almost 10% decline in the value of its shares. Sales outperformed analysts’ forecasts even though it posted a loss in the second quarter.

Teladoc – After DA Davidson began covering the telehealth company with a buy rating, shares of Teladoc increased by more than 5%.

Olo — Following a weaker-than-anticipated current quarter and full-year revenue outlook, the provider of restaurant software saw a 33% decline in its stock. Furthermore, Olo’s second-quarter revenue fell short of projections.

Alliant Energy – The Wisconsin utility increased by about 2% after Bank of America upgraded it to buy from neutral. Alliant Energy is expected to benefit from the Inflation Reduction Act, the firm noted in raising its price target from $62 to $70.

After the online legal platform’s quarterly earnings topped analyst estimates on Thursday after the bell, shares of LegalZoom increased by about 22%. Despite a 9% year-over-year increase in revenue for the second quarter, the company recorded a $13.2 million net loss for the period.

Six Flags – Following a loss of 18.7% on Thursday, the theme park company’s shares began to recover on Friday, rising about 8%. After reporting second-quarter profits on Thursday that were significantly below forecasts, Six Flags was downgraded by Keybanc on Friday from overweight to sector weight.

China ADRs — Five China ADRs that applied to delist their ADRs in the U.S. suffered a decline in their shares as a result. China Life Insurance and Sinopec, the world’s largest oil company, both experienced declines of 3.0% and 2.79 %, respectively. China’s Aluminum Corporation declined by 2.6%, PetroChina fell by 3.2%, and Sinopec Shanghai Petrochemical Co., a different Sinopec subsidiary, sank by 2.8%.

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