Stocks making the biggest moves midday: Peloton, Apple, IAC, CarMax and more

A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019.Michael Nagle | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Peloton — The exercise equipment stock jumped more than 11.7% and hit an all-time high after Peloton announced that it planned to buy equipment manufacture Precor for $420 million. The deal could help Peloton ramp up production to meet strong demand.IAC — Shares of IAC jumped more than 14.1% on Tuesday after announcing it is spinning off its full stake in video software company Vimeo. Vimeo will become an independent publicly traded company after the deal closes, expected in the second quarter of 2021.Apple — A gain of 2.9% helped Apple offset losses in the major indexes given the iPhone maker’s $2.2 trillion market cap. Investors accredited the equity’s strength to reports that Apple is advancing plans to manufacture self-driving cars by 2024, a massive undertaking the tech company has dubbed Project Titan.CarMax — The auto retailer reported quarterly per-share earnings of $1.42, topping the consensus estimate of $1.14 a share. Revenue also came in above Wall Street forecasts.…
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