CarMax (KMX) exploring more aggressive cost-cutting is 'particularly relevant' - Morgan Stanley
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.81%
January 18, 2023 4:30 PM ESTInvesting.com U.S. stocks were lower after the close on Wednesday, as losses in the Utilities, Consumer Goods and Oil&Gas sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average fell 1.81%, while the S&P 500 index lost 1.56%, and the NASDAQ Composite index fell 1.24%.
The best performers of the session on the Dow Jones Industrial Average were Goldman Sachs Group Inc (NYSE: GS), which fell 0.26% or 0.91 points to trade at 349.01 at the... More
Event-Driven Analyst Says it is too Late for an Activist in CarMax (KMX), Rebuffs Activist Insight
January 18, 2023 10:02 AM ESTEvent-Driven Analyst Says it is too Late for an Activist in CarMax (NYSE: KMX).
Traders circulated "Its getting late for an activist to show up now at CarMax (KMX). That was our first thought after hearing yesterday that the... More