These are the headline-grabbing companies in midday trading.

Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day since July 2012. This steep decline occurred after Netflix revealed that its growth was being affected by the streaming giant. fourth-quarter earnings release Thursday. After Netflix released lower-than-expected subscribers guidance, shares of other media companies that offer streaming services saw their stock prices fall. Disney shares dropped 5.6% and ViacomCBS lost about 6%. Discovery was down roughly 4%.

Peloton – Shares of the at-home fitness company saw a roughly 11% bounce on Friday after a major wipeout Thursday, when investors sold shares following a CNBC report that the company is halting production of its bikes and treadmills. Peloton also stated that Friday’s production was under review. and considering layoffs.

Schlumberger – The oilfield services stock fell about 2% on Friday despite a better-than-expected fourth-quarter report for Schlumberger. Refinitiv analysts expected the company to report adjusted earnings per share at 41 cents, while Refinitiv’s survey was expecting 39 cents. The revenue also exceeded all estimates. Schlumberger also reported declining margins within its Production Systems Unit.

CSX – CSX shares dipped 2.9% even after the railroad operator beat earnings expectations for the fourth quarter. StreetAccount’s consensus estimate of 42 cents per share was beat by the company, which posted a profit at 42 cents each share. However, CSX reports volume decreased from the prior year.

Intuitive Surgical – Intuitive Surgical shares sunk 7% despite the company’s quarterly earnings report beating expectations. The management stated that procedures using the DaVinci surgical device will drop significantly during this quarter because of Covid surges.

PPG Industries – PPG’s shares slipped 1.7% even after beating analysts’ earnings expectations in its quarterly report. Paint and coatings company PPG said that Covid disruptions and increased supply from the previous quarter were expected to persist in the current quarter.

Intel – Intel’s stock rose nearly 1% after the company announced plans to invest at least $20 billion in new manufacturing facilities outside Columbus, Ohio. These plants are being built as chipmakers strive to increase supply in order to satisfy demand.

Rio Tinto – Rio Tinto shares retreated about 2% after Serbia revoked the mining company’s lithium exploration licenses. The government officials claimed that the decision was taken after resistance from environmental groups. Rio had sought to be one of the world’s top lithium producers, an essential component for batteries.

Under Armour – The apparel stock rose 2.8% after Citi upgraded Under Armour to buy from neutral.In a note sent to clients, the firm stated that Under Armour’s profit margins would be increased by online shopping and direct-to consumers.

— CNBC’s Tanaya Macheel, Jesse Pound and Yun Li contributed reporting