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[ad_1] An employee arranges Apple iPhones as customer shop at an Apple store.Mike Segar | ReutersCheck out the companies making headlines in midday trading.Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and
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[ad_1] Check out the companies making headlines before the bell:Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening
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[ad_1] Check out the companies making headlines before the bell:CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analyst forecasts amid what the company called a "challenging" used vehicle market. CarMax added 1.1% in the premarket.FedEx
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[ad_1] Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, December 20, 2020.Paul Sancya | Pool | ReutersCheck out the companies making headlines in midday trading Monday.Global Payments — Shares of the company sank 9.8% despite a better-than-expected earnings
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[ad_1] A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.CarMax — CarMax shares plummeted 9.5% after reporting a beat on revenue but a
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[ad_1] Take a look at some of the biggest movers in the premarket:PG&E (PCG) – The California utility's shares jumped 2.3% in the premarket after it reached legal settlements over two fires in Northern California. PG&E will pay $55 million and will not face any criminal prosecution over those fires.Hewlett
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[ad_1] A Tesla store in Beijing, China, on July 4, 2021.Costfoto | Barcroft Media | Getty ImagesCheck out the companies making headlines in midday trading.CarMax — CarMax shares fell nearly 4.9% despite the used car retailer's better-than-expected quarterly report. The company posted earnings of $1.63 per share, 19 cents above the
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[ad_1] Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer's stock jumped 5.1% in premarket trading after CarMax beat estimates on the top and bottom lines for its latest quarter, as well as posting comparable dealer sales that were above analyst forecasts.Tesla (TSLA) – Tesla
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[ad_1] A shopper walks past a Bed Bath & Beyond Inc. storeAndrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Bed Bath & Beyond – Shares of the big-box retailer plunged 22% after the company slashed its revenue and earnings outlook amid supply chain challenges and inflation. Bed
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[ad_1] Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer missed estimates by 18 cents with quarterly earnings of $1.72 per share, although revenue topped analyst projections. Comparable pre-owned car sales rose 6.2%, less than the 7.3% estimate of analysts surveyed by StreetAccount. CarMax tumbled
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