Midday Movers: CarMax, Peloton, Rite Aid and More

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Midday Movers: CarMax, Peloton, Rite Aid and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks erased their gains from Wednesday as Apple shares (NASDAQ: AAPL ) fell 5% on Thursday. Here are the other midday movers for Sept. 29:

  • CarMax Inc (NYSE: KMX ) shares fell 23% after its profit fell 50% and sales rose only 2% in the most recent quarter . Inflation and consumer sentiment are weighing on demand for used vehicles.
  • Peloton Interactive Inc (NASDAQ: PTON ) shares fell 15% after the connected fitness company said it would sell its bikes and treadmills in Dicks Sporting Goods stores. It also recently struck a sales agreement with e-commerce giant Amazon (NASDAQ: AMZN ).
  • Rite Aid Corporation (NYSE: RAD ) shares fell 18% after the drug store chain reported a bigger than expected fiscal second quarter loss and lowered its profit forecast on inflation pressures.
  • Occidental Petroleum Corporation (NYSE: OXY ) stock rose 1.9% after news Warren Buffett's Berkshire Hathaway (NYSE: BRKa ) had acquired another 5.99 million shares, bringing its stake to 20.9%.
  • Bed Bath & Beyond Inc (NASDAQ: BBBY ) shares fell 6% after the home goods retailer reported a 28% drop in sales in its fiscal second quarter and expects comparable store sales to fall 20% this year.

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