Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its price target to $160 a share from $185, citing macroeconomic challenges ahead. related investing news Cooling demand means raising prices becomes a test of how well companies know their customers Robert Hum a day ago CarMax — The used auto dealer's shares plummeted 23.2% after it released second -quarter earnings below analyst expectations before the bell. The company' ;s earnings per share dropped to $0.79, down about 54% from a year ago. PG&E — Shares of the utility company were down about 1.8% after the company asked California regulators for permission to make its non-nuclear generating assets a separate subsidiary. Coinbase — Coinbase shares slid 8% after Wel...