CarMax — Shares of the auto retailer increased 7% as quarterly earnings beat expectations. CarMax exceeded the Refinitiv forecast of 24 cents per share by earning 44 cents per share.
After it was revealed that Newmont had increased its asking price in its offer to buy Australia-based company Newcrest Mining for $19.5 billion, up 16% from the original bid Newmont lies, shares of Newmont fell 2.9% in early morning trading. The agreement would strengthen Newmont’s position as the top producer of gold in the world.
Upstart – Upstart fell about 2% after JPMorgan initiated coverage of credit stocks with an underweight rating, citing a deteriorating credit environment.
Whirlpool – Shares rose more than 2% after Goldman Sachs upgraded Whirlpool to buy from neutral. The bank said the device stock is cheap and could gain more than 20%.
Moderna – The biotech giant slipped 4.9% after the company said it was delaying its flu vaccine due to a lack of registered cases in a late-stage trial. The news comes after a company spokesman told CNBC on Monday that Moderna hopes to have a line of new vaccines for cancer, heart disease and other yet-to-be-confirmed conditions on the market by 2030.
