CVNA - Hot Stocks: WIX falls on guidance; CVNA rises on profitability plan; MCD taking Russia charge

Wix (NASDAQ:WIX) represented one of the standout decliners in Monday's midday trading, dragged down by mixed quarterly results and a cautious forecast. McDonald's (MCD) also ticked lower on news that it will take a charge of up to $1.4B for its decision to pull out of Russia completely. Turning to some of the day's notable gainers, Carvana (CVNA) advanced after outlining plans to trim its expenses, as part of an attempt to focus more on profitability. At the same time, Griffon (GFF) expanded its value by nearly a quarter after announcing that it is considering a possible sale of the company. Decliners Wix (WIX) lost ground in midday trading, dragged down by a weak forecast included in its latest quarterly update. Shares of the website building and hosting company dropped about 4% on the news. WIX issued mixed results for its latest quarter, including better-than-expected revenue and a profit figure

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Hot Stocks: WIX falls on guidance; CVNA rises on profitability plan; MCD taking Russia charge