© Reuters
By Liz Moyer
Investing.com — Stocks are mixed on Tuesday as investors weigh the odds of the Federal Reserve raising interest rates again in May. Here are the market movers for April 11.
- CarMax Inc (NYSE:) shares rose 10.8% after the used car seller better-than-expected earnings for the recent quarter, with profit more than double the estimate. Revenue, however, failed to reach expectations.
- Moderna Inc (NASDAQ:) shares fell 3% after the biotechnology company that developed one of the Covid-19 vaccines said it was too soon to declare its trial of a flu vaccine a success.
- Coinbase Global Inc (NASDAQ:) shares rose 8%, boosted by a gain in bitcoin to above $30,000 for the first time in 10 months. Other crypto-related stocks also benefited. investor MicroStrategy Incorporated (NASDAQ:) shares rose 8%.
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Tilray Inc (NASDAQ:) shares fell 8.4% after it announced plans to buy the cannabis producer Hexo in an all-share deal valued at around $56 million. The offer price was slightly below Hexo’s closing price as of Monday.
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WW International Inc (NASDAQ:) shares rose 53% after the parent company of Weight Watchers completed the acquisition of Sequence, a subscription telehealth platform. The deal gives it an opportunity to push into the booming business of obesity medicine.
