Stocks making the biggest moves midday: Slack, CarMax, Spotify & more

— Shares of the oil company gained 4% on Friday after SunTrust Robinson Humphrey upgraded the stock to buy from hold and nearly doubled its price target. The firm said in a note to clients that Occidental could see an "outsized benefit" from rising oil prices. West Texas Intermediate futures rose back above $40 per barrel on Friday.— The stock sank 5.

Though CarMax topped revenue expectations, CEO Bill Nash added later that the used car retailer's performance during the quarter was "significantly impacted" by Covid-19 and that, at the virus's peak in April, sales were down more than 75%.— Shares fell 4.6% on Friday after the company Thursday evening reported a loss of about $359 million for the first quarter.

Clearly Goldman Sachs has not actually used Slack as it is a superior product over Teams. Perhaps they should actually speak to Slack users before bashing the product.

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