Platoon, GameStop, Harley-Davidson and more

Check out the companies that are making headlines during afternoon trading.

Peloton – Shares of the fitness company fell more than 9% after the US Consumer Product Safety Commission issued a warning that Peloton’s Tread + product is dangerous if children or pets are in the home. Platoon said it would not recall the product, as a legislator had called for the company.

GameStop – The video game retailer was up more than 8% after the company announced that CEO George Sherman will step down by July 31 amid attempts to transform into an e-commerce company. It said the board is leading a search for CEO candidates who can accelerate the next phase of the company’s transformation. Some investors were also happy that Keith Gill doubled his GameStop bet and lost millions of dollars in quick profits from an options trade.

Coca-Cola – Beverage inventory rose 0.6% after Coca-Cola beat Wall Street estimates in its first quarterly report. The company reported adjusted earnings of 55 cents per share, 5 cents above expectations, according to Refinitiv. Sales were also higher than expected. The company said global demand was back to pre-pandemic levels in March.

Harley-Davidson – Shares of the motorcycle maker were up more than 13% after the company outperformed bottom-line estimates in the first quarter. The company earned $ 1.68 per share during the period, compared to the 88 cents per share analysts expected from Refinitiv. Revenues came in at $ 1.23 billion, which was just short of the expected $ 1.25 billion. Harley-Davidson also increased its prospects.

Herman Miller – Shares of the office furniture manufacturer fell 11% after the announcement that the furniture and accessories company will buy Knoll for $ 1.8 billion in cash and stock. Shares of Knoll are down more than 33% on Monday.

Qualcomm – Shares of the chipmaker fell 2% after Susquehanna downgraded the company from positive to neutral. The company pointed to short-term benefits leading to prolonged headwinds, license and royalty battles, as well as competition as potential downsides to the business. The company also lowered its stock target from $ 175 to $ 155. The new price forecast is 12% higher than where the stock closed on Friday.

Tesla – The electric automaker’s share fell more than 3% as police officers in Texas investigate the deadly crash of a Tesla vehicle. Based on a preliminary investigation, the police told KPRC 2 that they think no one was behind the wheel.

First Solar – Clean energy stock fell about 0.2%, even after Citi upgraded the company on Monday to buy from neutral. The Wall Street firm believes the company is well positioned to capitalize on the White House’s drive for green energy. Citi also raised its target price for First Solar from $ 88 to $ 100 a share.

Tribune Publishing – Stocks of Tribune Publishing fell more than 5% after The Wall Street Journal reported that Swiss billionaire Hansjorg Wyss has pulled out of a bid for Tribune. As a result, Choice Hotels chairman Stewart Bainum is looking for a new partner in his bid for the newspaper publisher as he tries to outbid hedge fund Alden Capital for Tribune.

– with reporting from CNBC’s Jesse Pound, Pippa Stevens and Yun Li.