Stocks making the biggest moves midday: Peloton, Harley-Davidson, Pfizer, Chegg and more

cnbc.com:

Check out the companies making headlines in midday trading.

Peloton — Shares of the fitness company soared more than 32% after the firm announced it's replacing its founder and CEO John Foley and cutting 2,800 jobs, or about 20% of corporate positions. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton's board. The rally came even after Peloton slashed its financial outlook for the full year.

Harley-Davidson —The motorcycle maker's surged 15% after the company reported a surprise profit of 14 cents per share for its most recent quarter thanks to increased demand for its more expensive motorcycle model. Analysts expected a loss of 38 cents per share. The company also reported better-than-expected revenue for the quarter.

Pfizer — The vaccine maker's shares fell 3% despite the company reporting better-than-expected earnings for the fourth quarter and raising its full-year sales forecast for its Covid-19 vaccine. Pfizer also reported a revenue miss and issued weaker-than-expected full-year guidance for its most recent quarter.

Amgen — Shares of the biotech company rose 8.6% following the company's quarterly results. Amgen reported $4.36 per share excluding items, which beat analysts' estimates of $4.08, according to Refinitiv. It also missed on revenue, reporting $6.85 billion for the quarter, versus the expected $6.87 billion.

Carrier Global — The heating and cooling products maker saw its shares rise more than 2% after it reported earnings for the most recent quarter of 44 cents per share, which beat analysts' estimates by 5 cents, and quarterly revenue that topped Wall Street estimates.

General Motors — Shares fell 3.4% after Morgan Stanley downgraded