CarMax, Getty Images and Coinbase rise premarket; Moderna falls

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Tuesday, April 11th. Please refresh for updates.

• CarMax (NYSE:) stock rose 7.3% after the used car retailer posted above estimates, helped by cost cuts implemented in the quarter that offset a hit from cooling demand.

• Getty Images (NYSE:) stock rose 7.3% after an activist investor called on the visual media company to look for a strategic buyer to improve shareholder value.

• Moderna (NASDAQ:) stock fell 4.8% after the biotech company suffered a setback on its first flu vaccine.

• Alibaba (NYSE:) ADRs rose 0.4% after the Chinese e-commerce giant entered the race to roll out a new artificial-intelligence-powered chatbot similar to ChatGPT.

• Coinbase (NASDAQ:) stock rose 2.0%, with the cryptocurrency exchange benefiting from bitcoin, the most popular digital currency, rallying above the $30,000 level for the first time since June 2022.

• National CineMedia (NASDAQ:) stock rose 113% after AMC Entertainment (NYSE:), up 2.8%, disclosed a stake in the theater-focused advertising company.

• Hexo (NASDAQ:) stock fell 22.5% after Tilray (NASDAQ:), down 6.5%, said it would buy the Canadian cannabis company for $56 million.

• Whirlpool (NYSE:) stock rose 3% after Goldman Sachs upgraded the home appliance company to ‘buy’ from ‘neutral’, seeing a compelling entry point.

• WW International (NASDAQ:) stock rose 25% after Goldman Sachs upgraded the slimming company, known as Weight Watchers, to ‘buy’ from ‘neutral’, citing the potential for new obesity medication.