American Airlines, Starbucks, Peloton, and other stocks are experiencing significant price changes during the midday trading session.

American Airlines, Starbucks, Peloton, and other stocks are experiencing significant price changes during the midday trading session.
American Airlines, Starbucks, Peloton, and other stocks are experiencing significant price changes during the midday trading session.

Check out the companies making headlines in midday trading.

The movie theater chain's stock price increased by 6.8% after it announced a 22% stake in Hycroft Mining, a small gold and silver miner. The share price of Hycroft Mining, which is less than $2, also rose by 9.4%.

After announcing a partnership with Volvo Cars to research the usage and potential scalability of electric vehicle chargers at Starbucks stores nationwide, shares of the coffee chain jumped 4.8%. Additionally, Starbucks unveiled the latest steps it’s taking to reduce its disposable cup use.

Delta, United, and Southwest reported that bookings exceeded expectations, and the recovery in travel demand has been quicker than anticipated. As a result, Delta rose 8.7%, United added 9.2%, Southwest gained 4.9%, and American Airlines surged 9.3%.

Despite a 19.2% drop in shares the day after a weaker-than-expected full-year outlook, Coupa surpassed expectations for both profit and revenue in its latest quarter.

GitLab's shares increased by 7.8% following the company's development operations platform surpassing analysts' expectations in the fourth quarter and providing improved guidance.

After Bernstein initiated coverage of the at-home fitness company, shares jumped 11.9%. The analyst highlighted Peloton's healthy business, new management, and recent stock price plunge. Her $40 price target implies the stock could nearly double over the next year.

The stock price of Planet Fitness increased by 2.5% after Evercore ISI began covering the company with an outperform rating. Evercore set a $130 price target on the fitness center operator, which is 60% above the stock price at Monday's close.

After Baird upgraded Toast's restaurant software company to outperform from neutral, its shares jumped 6.9%. Baird said that Toast may profit from "above-GDP growth" in the restaurant industry and international expansion opportunities.

After Baird upgraded the stock to outperform, shares jumped 10.4%. Meanwhile, GoodRx's sell-off this year presents an "attractive entry point" for investors, according to the firm.

On Tuesday, Deutsche Bank started covering eBay with a buy rating, stating that investors are undervaluing the company's position in the resale market. The retailer's stock price increased by 3.6%. Analysts predict growth in eBay's luxury resale market in European markets.

The reporting for CNBC was done by Tanaya Macheel, Samantha Subin, Jesse Pound, Sarah Min, and Yun Li.

by Hannah Miao

markets