Midday Movers: Peloton, Payoneer, Illumina and More

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Midday Movers: Peloton, Payoneer, Illumina and More than

By Liz Moyer

Investing.com -- U.Due south. stocks rose Fri as the S&P tried to notch a iv-week rally. Here are the midday movers for Aug. 12:

Peloton Interactive Inc (NASDAQ:PTON) shares jumped x% in midday trading after the connected exercise equipment maker said it was laying off hundreds of employees, endmost stores and raising the prices for some of its products. Payoneer Global Inc (NASDAQ:PAYO) shares jumped 26% afterward the payments platform reported a surprise turn a profit per share and beat out expectations on revenue. It also revised guidance. Illumina Inc (NASDAQ:ILMN) shares dropped 8% later the gene sequencing firm reported lower than expected profit and revenue and provided a weak outlook, citing economic challenges. Half dozen Flags Entertainment New (NYSE:SIX) shares jumped 10%, trying to rebound after Thursday's selloff following disappointing earnings. The theme park operator is trying to transform its business to a higher-paying customer, though admits its omnipresence numbers dropped off more than than targeted. Olo Inc (NYSE:OLO) shares fell 34% after the restaurant tech firm reported a weaker than expected quarter and full-year outlook.

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Source: https://finance.yahoo.com/news/midday-movers-peloton-payoneer-illumina-133343976.html

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