Check out the companies making the biggest moves midday:
Carvanabriefly halted at one point due to volatility. The sell-off comes after the used-car seller’s worst day ever on Friday, when the company had an earnings miss and Morgan Stanley pulled its rating and price target for the stock.
Walgreens Boots Allianceinvest $3.5 billion to support VillageMD’s acquisition of urgent care provider Summit Health. Walgreens raised its fiscal year 2025 sales goal for its U.S. health-care business to $14.5 billion to $16.0 billion, from $11.0 billion to $12.0 billion to account for the deal.
Berkshire Hathaway20% increase in operating profits during the third quarter. Berkshire also spent $1.05 billion in share repurchases during the quarter. The Omaha-based company suffered a $10.1 billion loss on its investments during the third quarter’s market turmoil, however.
Boston Beerinitiated coverage of the stock with an underweight rating. Its analyst said it is concerned about growth prospects as malt-based hard seltzers continue to decline and there has been a “dizzying array” of new competition.
— CNBC’s Carmen Reinicke, Alexander Harring, Yun Li and Sarah Min contributed reporting.