Midday Movers: Peloton, Teladoc, Williams-Sonoma and More

2022.08.25 20:45

By Liz Moyer

Investing.com — U.S. stocks rose on Thursday as investors tried to revive a summer rally. Here are the midday movers for Aug. 25:

• Peloton Interactive Inc (NASDAQ:PTON) stock plunged 19% after the exercise equipment company disappointed investors with its outlook. More customers quit its subscription service in the recent quarter than analysts had forecast.
• Teladoc Inc (NYSE:TDOC) shares rose 2.9% on word potential competitor Amazon.com (NASDAQ:AMZN) was shutting down its Amazon Care telehealth service by the end of this year.
• Williams-Sonoma Inc (NYSE:WSM) stock rose 1.5% after the specialty home goods and furniture retailer reported stronger than expected earnings amid a difficult period for retailers.
• Coty Inc (NYSE:COTY) shares rose 8% after the cosmetics and perfume maker reported continued strong demand despite the inflation that is keeping shoppers from buying clothing and other items.
• Dollar Tree Inc (NASDAQ:DLTR) shares dropped 10% after the discount retailer beat profit expectations but cut its outlook for the full year as it faces competitive pricing trends.

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