Check out the companies making the biggest moves midday: Peloton — The stock plunged 14% following the connected fitness company’s announcement it will begin a “global refinancing” process that includes a convertible notes offering and a $1 billion five-year term loan. Peloton, which recently announced a restructuring plan , has struggled with falling sales. Lam Research — Shares added 2.1% after the semiconductor equipment maker said its board of directors approved a $10 billion share buyback and a 10-for-1 stock split. AstraZeneca — U.S.-listed shares rose 2.3% after the U.K.-based pharmaceutical company said it planned to boost its total revenue to $80 billion by 2030, a 75% increase from 2023. Macy’s — The department store’s shares dipped about 1% after the company reported its fiscal first-quarter earnings . Macy’s profit topped Wall Street’s expectations, while the retailer’s revenue came in roughly in line. CEO Tony Spring said the company is in the “early innings” of turning around its namesake stores after the company stepped up investments at 50 of its Macy’s shops. VinFast Auto — The electric vehicle maker tumbled 15% after the National Highway Traffic Safety Administration said it will investigate a fatal crash that occurred in April involving a VinFast VF 8 EV. Lowe’s — The home improvement stock fell 2.9% despite the company posting a first-quarter earnings and r …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves midday: Peloton — The stock plunged 14% following the connected fitness company’s announcement it will begin a “global refinancing” process that includes a convertible notes offering and a $1 billion five-year term loan. Peloton, which recently announced a restructuring plan , has struggled with falling sales. Lam Research — Shares added 2.1% after the semiconductor equipment maker said its board of directors approved a $10 billion share buyback and a 10-for-1 stock split. AstraZeneca — U.S.-listed shares rose 2.3% after the U.K.-based pharmaceutical company said it planned to boost its total revenue to $80 billion by 2030, a 75% increase from 2023. Macy’s — The department store’s shares dipped about 1% after the company reported its fiscal first-quarter earnings . Macy’s profit topped Wall Street’s expectations, while the retailer’s revenue came in roughly in line. CEO Tony Spring said the company is in the “early innings” of turning around its namesake stores after the company stepped up investments at 50 of its Macy’s shops. VinFast Auto — The electric vehicle maker tumbled 15% after the National Highway Traffic Safety Administration said it will investigate a fatal crash that occurred in April involving a VinFast VF 8 EV. Lowe’s — The home improvement stock fell 2.9% despite the company posting a first-quarter earnings and r …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
