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Midday Movers: Peloton, Payoneer, Illumina and More

By Liz Moyer

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

  • Peloton Interactive Inc (NASDAQ:PTON) shares jumped 10% in midday trading after the connected exercise equipment maker said it was laying off hundreds of employees, closing stores and raising the prices for some of its products.
  • Payoneer Global Inc (NASDAQ:PAYO) shares jumped 26% after the payments platform reported a surprise profit per share and beat expectations on revenue. It also revised guidance.
  • Illumina Inc (NASDAQ:ILMN) shares dropped 8% after the gene sequencing firm reported lower than expected profit and revenue and provided a weak outlook, citing economic challenges.
  • Six 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 attendance numbers dropped off more 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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.