Stocks making the biggest moves midday: Cognizant, Rent the Runway, American Airlines
— The keyboard and mouse maker fell more than 16% after Logitech announced preliminary results that showed declining sales and earnings. For the quarter ending Dec.
31, Logitech said it expects net sales to be down more than 20% year over year in U.S. dollars. Operating income is projected to fall more than 30%. CEO Bracken Darrell said in statement that a slowdown in enterprise sales was partly to blame for the results.
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