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Stocks making the biggest moves midday: Apple, Peloton, Wayfair, Carvana and more

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Qualcomm Inc,Qorvo Inc,Shake Shack Inc

These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines in midday trading. Apple — Shares ticked up roughly 2% ahead of the iPhone maker's second-quarter results due after the closing bell. Peloton -- Shares dropped 13% after the exercise equipment company announced Thursday that CEO Barry McCarthy will be stepping down and that the company will lay off 15% of its staff, or about 400 employees, to "bring its spending in line with its revenue.

Moderna also reiterated its full-year guidance. DoorDash -- The food delivery service fell nearly 14% after DoorDash posted a loss of 6 cents per share in its first quarter, wider than the 4 cents per share anticipated by analysts polled by LSEG. However, the company's revenue came in at $2.51 billion, above the $2.45 billion consensus. Etsy — Shares plummeted 15% after posting an earnings miss in the first quarter.

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