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Stocks making the biggest moves midday: Nvidia, Peloton, Foot Locker, Dick’s Sporting Goods and more



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Nvidia headquarters in Santa Clara, California, Feb. 23, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Nvidia — The chipmaker climbed 1.8% ahead of its quarterly report set for release after the bell. Expectations are high for the chipmaker after its shockingly positive forecast in the prior quarter. Nvidia has been one of the biggest winners on the back of the artificial intelligence boom with shares rising nearly 220% this year.Peloton — The fitness company shed more than 22% after reporting a wider-than-expected loss for its fiscal fourth quarter and a drop in new subscribers as it grapples with the recent recall of its bike. Peloton reported a loss of 68 cents per share, versus the 38 cent loss per share expected by analysts polled by Refinitiv. Revenue came in slightly ahead of expectations.Foot Locker — The athletic retailer plunged 33% after cutting its outlook again for the year and suspending its quarterly dividend. Earnings came in line with expectations, while revenue missed.Dick’s Sporting Goods — The sports retailer slipped 2.8%. On Tuesday, the company posted weaker-than-expected earnings and cut its outlook for the year. The stock is coming off its worst day ever, losing 24% in the previ …

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