Check out the companies making the biggest moves midday: Harley-Davidson — The motorcycle manufacturer rallied 16% after the company announced a partnership between its financing arm and private asset manager KKR, as well as Pimco. “This partnership transforms [Harley-Davidson Financial Services] into a capital-light financing business through the sale of existing and future retail loans while maintaining its strategic value,” Harley-Davidson said in a statement. Wingstop — The chicken wing chain rallied more than 22% after the company posted second-quarter results that beat analysts’ expectations. Wingstop reported adjusted earnings of $1 per share on revenue of $174.3 million. Analysts polled by FactSet expected a profit of 87 cents per share on revenue of $173.7 million. Wingstop also raised its full-year global unit growth rate. Humana — Shares jumped 5% after the insurance giant reported better-than-expected second-quarter earnings. The company posted adjusted earnings of $6.27 per share on revenue of $32.39 billion. Analysts expected a profit of $5.92 per share on revenue of $31.89 billion, according to LSEG. Humana also raised its full-year earnings and revenue guidance. Avis Budget Group — Shares slid 13% after the car rental company posted earnings of 10 cents per share on a GAAP basis in the second quarter. That’s down from 41 cents a share in the same period a year prior. VF Corporation — The owner of Timberland and The North Face climbed 11% following its latest quarterly results. VF Corporation posted an adjusted loss of 24 cents per share, slimmer than the loss of 34 cents per share that analysts polled by FactSet were expecting. The company’s revenue of $1.80 billion also came in better than the consensus estimate of $1.70 billion. Teradyne — The maker of automated test equipment soared 19% after second-quarter profit and sales topped Wall Street estimates. Management expects “AI will drive strong H2 performance,” noting that the “Semiconductor Test Group drove better than expected results in Q2” and “System-on-a-Chip (SOC), primarily for artificial intelligence applications, was the strongest growth driver” in the quarter that just ended. Federal Signal — Shares surged 21% after the communications equipment manufacturer reported second-quarter adjusted earnings of $1.17 per share on revenue of $564.6 million. Analysts had expected earnings of $1.06 per share and revenue of $537.3 million, according to FactSet. The company also raised its full-year earnings and revenue guidance. Sarepta Therapeutics — The biopharma company rose more than 9% after Dr. Vinay Prasad stepped down from his role as chief medical and science officer at the U.S. Food and Drug Administration. The controversial figure was a critic of Sarepta’s Elevidys , a gene therapy for Duchenne muscular dystrophy. The agency recently requested Sarepta voluntarily take it off the market after a series of patient deaths. The company has since resumed shipments to patients who are still able to walk. No ambulatory patients have died after using Elevidys. Novo Nordisk — Shares of the Danish pharmaceutical giant slid 6%, extending its double-digit decline from Tuesday after the company cut its full-year guidance , citing weaker second-half U.S. sales growth expectations for its blockbuster Wegovy obesity drug. Novo Nordisk also announced a new CEO in an attempt to revive falling sales and tackle increasing competition. Bank of America downgraded the stock to neutral . Teladoc Health — Shares rose nearly 2% after the telehealth provider posted second-quarter results that topped expectations. Teladoc Health reported a loss of 19 cents per share, narrower than the loss of 26 cents per share anticipated by analysts polled by FactSet. Revenue of $631.9 million exceeded the consensus estimate of $622.6 million. Mondelez — The maker of Oreo cookies slipped 6% after posting second-quarter organic growth and adjusted gross margin numbers that fell short of analysts’ expectations. However, Mondelez reported second-quarter earnings and revenue that came ahead of Wall Street consensus. LendingClub — Shares of the online lender rallied more than 18% on the back of its strong financial results for the second quarter, buoyed by a 32% increase in the value of loan originations versus a year ago. LendingClub posted earnings of 33 cents per share on revenue of $248.4 million, while analysts polled by LSEG expected the company to earn 15 cents per share on revenue of $228 million. Peloton — The exercise equipment maker jumped 17% after UBS upgraded shares to buy from neutral and signaled the stock could nearly double from current levels . — CNBC’s Lisa Han, Christina Cheddar-Berk, Alex Harring, Sean Conlon and Scott Schnipper contributed reporting.
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