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Stocks making the biggest moves midday: Nvidia, Peloton, Foot Locker, Dick’s Sporting Goods and more


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Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021.
David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines in midday trading.


Pelotonwider-than-expected loss for its fiscal fourth quarter and a drop in new subscribers as it grapples with the recent recall of its bike. Peloton reported a loss of 68 cents per share, versus the 38-cent loss per share expected by analysts polled by Refinitiv. Revenue came in slightly ahead of expectations.

Foot Locker

Dick’s Sporting Goodsposted weaker-than-expected earnings and cut its outlook for the year. The stock is coming off its worst day ever, losing 24% in the previous session.

Abercrombie & Fitcheasily beat analyst expectations for the previous quarter and raised its full-year outlook.

Apellis Pharmaceuticals


Urban Outfitters


Charles Schwab


Brown-Formandouble-upgrade from Morgan Stanley. The firm cited improving growth margins as agave prices ease.


Avery Dennison


Safehold initiated coverage with a buy rating. Goldman cited a rise in restructuring activity in the near-term, and for investment volumes to gradually rise in the coming quarters.

Marvell Technologycoherent digital signal processor for pluggable modules called Orion. The firm said it’s an industry first that will support transport networks for carrier and cloud assets. Elsewhere, Susquehanna reiterated its positive outlook on the stock ahead of its earnings report on Thursday.

Advanced Auto Partspresident and CEO, effective September.

— CNBC’s Hakyung Kim, Samantha Subin, Yun Li, Sarah Min and Jesse Pound contributed reporting

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