Investing.com | Author Liz Moyer
Published Feb 24, 2023 18:58
By Liz Moyer
Investing.com -- Stocks were falling on Friday after hotter-than-expected data on inflation raised new interest rate fears. Here are the midday movers for Feb. 24.
Carvana Co (NYSE:CVNA) shares fell 20% after the used car seller reported a wider-than-expected fourth-quarter loss. The company known for its auto vending machines announced a plan to cut $1 billion in expenses over the next six months as demand for used cars slows.
Live Nation Entertainment Inc (NYSE:LYV) shares fell 9.1% after the Ticketmaster parent company beat expectations for fourth-quarter revenue, which rose 59% from a year earlier. The company is under scrutiny for a botched sale of Taylor Swift concert tickets.
Written By: Investing.com
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