– The auto retailer's stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. CarMax earned 24 cents per share, compared with a consensus estimate of 70 cents, and its comparable used-vehicle sales were down 22.4% versus FactSet's consensus forecast of a 16.
9% slide. – Micron shares fell 2.9% in premarket trading after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. Micron's results were impacted by declining demand for electronics, and the company announced it will cut about 10% of its workforce.
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Cannabis stocks fall as SAFE Banking measure officially fails; some stocks gainThe AdvisorShares Pure US Cannabis ETF undefined dipped 2.8% as failure of the SAFE Banking measure to be included in Congress's omnibus spending bill... In the US you can drink a bottle of Bourbon, launder some money through cryptos, then go shoot nuts with a machine gun....but you can't smoke a plant....Time for anarchy R.I.P to all those people who bought Cannabis penny/cheap stocks hoping for a big payday.
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Micron earnings: Memory-chip slowdown appears to be far from overMicron Technology Inc. shares have fallen more than 45% this year, but the memory-chip specialist is not out of the woods yet as demand continues to be weak.
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Stocks making the biggest moves midday: Gilead Sciences, Moderna, Tesla and moreThese are the stocks posting the largest moves midday. Boycott Tesla
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