UWM Holdings Leads Stocks Making Big Midday Moves Amid Industry Shifts

UWM Holdings (UWM) is one of the stocks making significant moves midday. The company's shares rose by 4.9% after it announced a 10-for-1 stock split, effective on July 22.

Honeywell Aerospace (HON) also saw its share price increase by 2.5%, following news that the US Air Force will purchase several of Honeywell's engines for its new T-7 Red Hawk trainer aircraft.

Macom Technology Solutions (MTSI) shares rose by 1.9% after it announced a partnership with a major tech company to provide a range of wireless technologies.

Peloton Interactive (PTON) saw its share price decline by 3.2%, following news that the company's sales have been slower than expected in recent quarters.