CarMax (NYSE: KMX) CarMax is down 10.32% premarket after the company reported less-than-stellar second quarter results. Total wholesale units decreased 15.1% with gross profit per unit of $881, a decrease of $124 per unit. There were 342,731 vehicles bought, down 8.1% versus last year's second quarter. Net earnings per diluted share came in at $0.79, down from $1.72 a year ago. Axcella Health (Nasdaq: AXLA) Axcella Health is up 23.70% premarket after announcing positive intermin data from a phase2b study of AXA1125 for its treatment of NASH (non alcoholic steatohepatitis). At 24 weeks there were statistically significant improvements in the liver stiffness measurement compared to placebo. Datasea (NYSE: DTSS) Datasea is up 11.76% premarket after the digital technology company reported strong growth. It launched 5G messaging solutions, which helped revenue explode. Overall revenue was $17,080,911, compared to just $175,138 last year, marking an increase of 9,653%. The company also expects to have more sources of revenue in the future, including acoustic intelligence. Big swings in the market happen for a reason. And one way you can tell a stock will swing up or down is by looking at insider buying (the legal kind). Our Head Fundamental Tactician Karim Rahemtulla shows you how to monitor insider buying in a way that could lead to 2,250%+ gains. Click here to see how the Insider Matrix works. |
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