Welcome to Extreme Investor Network, where we provide you with the latest updates on companies making headlines in the world of finance. Today, we will be discussing some of the top movers in midday trading and what investors need to know.
CarMax, the used vehicle seller, experienced a significant drop of 13% after reporting its fourth-quarter earnings. Meanwhile, athletic apparel maker Nike saw a 3.2% increase following an upgrade from Bank of America. Paramount also saw a 2% rise in its shares as deal talks with Skydance Media progressed rapidly.
Fastenal, an industrial company, faced a 4% dip after slightly missing analysts’ estimates in its first-quarter earnings report. On the other hand, Alpine Immune Sciences surged about 37% after agreeing to a buyout from Vertex Pharmaceuticals for $4.9 billion in cash.
Rocket Lab also saw a 3.3% increase after securing a $32 million contract with the U.S. Space Force Space Systems Command. Constellation Brands, the beer and spirits maker, added less than 1% after surpassing fourth-quarter sales expectations.
Atlassian, the software maker, experienced a 3.2% rise in its shares following an upgrade from Barclays. The bank cited increasing customer cloud migrations and higher software developer job posts as factors supporting Atlassian’s long-term growth.
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