Apple (AAPL) – Shares traded down about 2.5% Tuesday evening following a report the company pulled back its iPhone 14 production ramp up, citing underwhelming demand. Several notable analysts, including Loup Ventures’ Gene Munster, downplayed the report.
CarMax (KMX) – A play on the used car market. CarMax provides sales and service through retail locations. The company will report quarterly results Thursday.
Generac (GNRC) – A manufacturer of generators for residential and commercial use. Traders in the Benzinga Pro lounge chat discussed the stock amid the major hurricane hitting the Gulf coast of Florida Wednesday morning.
DocuSign (DOCU) – Shares traded up 2% in Wednesday’s pre-market session following news DocuSign management will cut its workforce by about 9% amid restructuring efforts.
BioVie (BIVI) – A play on the Alzheimer’s space. In major news Wednesday, Biogen (BIIB), announced favorable results from a trial of its Alzheimer’s drug candidate. Biogen shares traded up nearly 50%; many other stocks with Alzheimer’s treatment candidates traded higher.