Midday movers: CarMax, Moderna, Coinbase Global

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: KMX) shares rose 10.8% after the used car seller posted better-than-expected earnings for the recent quarter, with profit more than double the estimate. Revenue, however, failed to reach expectations.


• Moderna Inc (NASDAQ: MRNA) 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: COIN) 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. Bitcoin investor MicroStrategy Incorporated (NASDAQ: MSTR) shares rose 8%.


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  Tilray Inc (NASDAQ: TLRY) 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: WW) 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.

  
  

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