By Liz Moyer
Investing.com — U.S. stocks erased their gains from Wednesday as Apple shares (NASDAQ:) fell 5% on Thursday. Here are the other midday movers for Sept. 29:
- CarMax Inc (NYSE:) shares fell 23% after its profit fell 50% and sales rose only 2% in the most recent . Inflation and consumer sentiment are weighing on demand for used vehicles.
- Peloton Interactive Inc (NASDAQ:) 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:).
- Rite Aid Corporation (NYSE:) shares fell 18% after the drug store chain reported a bigger than expected fiscal loss and lowered its profit forecast on inflation pressures.
- Occidental Petroleum Corporation (NYSE:) stock rose 1.9% after news Warren Buffett’s Berkshire Hathaway (NYSE:) had acquired another 5.99 million shares, bringing its stake to 20.9%.
- Bed Bath & Beyond Inc (NASDAQ:) shares fell 6% after the home goods retailer reported a 28% drop in sales in its fiscal and expects comparable store sales to fall 20% this year.
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