RDUS - Hot Stocks: KMX BB rise on earnings; WOLF upgrade; RDUS slips after previous day's gains
Earnings news gave a lift to a handful of stocks in Friday's midday action. CarMax (NYSE:KMX) and BlackBerry (BB) both showed strength after releasing their respective financial figures. Meanwhile, Wolfspeed (WOLF) also posted gains during intraday trading. An analyst upgrade encouraged investors to step into the stock. Looking to the downside, Radius Health (RDUS) lost ground, reversing a portion of the massive gains it posted the previous day. Gainers CarMax (KMX) rallied in the wake of its earnings report, climbing almost 7% in intraday trading. The car dealer beat expectations with its quarterly profit, helped by a nearly 21% rise in revenue. The company acknowledged a "challenging" environment for used vehicles, with vehicle sales falling nearly 6%. However, the company got a boost from its MaxOffer digital appraisal product for dealers, which saw an expansion of more than 180%. Earnings news also gave a lift to BlackBerry (BB), with the
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Hot Stocks: KMX, BB rise on earnings; WOLF upgrade; RDUS slips after previous day's gains