Stocks making the biggest moves midday: Peloton, Lam Research, Lowe's, AstraZeneca and more

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.

Toast — Shares fell more than 3% following a downgrade at Baird to neutral. The firm thinks the restaurant software firm may be overvalued after its 43% jump in 2024. Palo Alto Networks — The cybersecurity stock dropped 3% after issuing in-line guidance for the current quarter. Palo Alto Networks topped estimates for its fiscal third quarter but said it expects fourth-quarter billings to range between $3.43 billion and $3.48 billion. Analysts polled by FactSet expected $3.45 billion in billings.

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