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Midday movers: Micron, Peloton, CarMax and more

AuthorScott KanowskyStock Markets
Published Sep 28, 2023 08:21AM ET Updated Sep 28, 2023 01:44PM ET
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Investing.com -- Stocks are rising as bond yields ease back from multiyear highs as investors brace for a possible government shutdown this weekend.

Here are the stocks making moves on Thursday.

  • Micron (NASDAQ:MU) shares slumped 4.6% after it delivered an earnings forecast for its fiscal first quarter that missed analysts' expectations. However, Micron guided for revenue of $4.40 billion -- plus or minus $200 million -- in its current quarter, topping projections of $4.20B.
  • Peloton Interactive (NASDAQ:PTON) shares jumped 5.7% after the exercise equipment firm announced a five-year partnership with athleisure brand Lululemon (NASDAQ:LULU). Lulu's shares were up 0.1%
  • Apple (NASDAQ:AAPL) shares are up 0.1% following a report in the Wall Street Journal that the new high-end versions of the tech giant's iPhone 15 are facing overheating issues.
  • Accenture (NYSE:ACN) shares dipped 4.9% after the IT services group unveiled full-year earnings and first-quarter revenue guidance that missed expectations.
  • CarMax (NYSE:KMX) shares tumbled 9.9% after the used-car retailer reported weaker-than-anticipated quarter profit due to slipping demand for pre-owned vehicles.
  • Workday (NASDAQ:WDAY) shares slid 9% after the software group said it expects annual subscription revenues to grow by 17% to 19%, which was below analyst estimates cited by Bloomberg News.
  • Gritstone (NASDAQ:GRTS) shares surged 22.7% after the American biotech group won a $433 million contract from the U.S. government to conduct a mid-stage study of its mRNA COVID-19 vaccine candidate.
Midday movers: Micron, Peloton, CarMax and more
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Comments (2)
Derick Lim
Derick Lim Sep 28, 2023 8:57AM ET
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Where's Messiah AI to rescue money losing future rosy growth 🐂💩Micron?
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Michael Benson
Michael Benson Sep 28, 2023 8:38AM ET
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Inflation concerns continue to linger.
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Michael Benson
Michael Benson Sep 28, 2023 8:38AM ET
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The yield curve is closely monitored by investors.
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