Carvana, GameStop Rise; Tesla, Peloton Interactive Fall

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September 23, 2020

NEW YORK: Stocks that moved heavily or traded substantially Tuesday:

Carvana Co., up $53.16 to $226.83.

The online car dealer gave investors an encouraging revenue forecast for the third quarter.

Blueprint Medicines Corp., up $10.06 to $87.27.

The company’s developing treatment for a rare blood disorder met key goals in several studies.

Peloton Interactive Inc., down 40 cents to $94.40.

The exercise equipment company faces increased competition from Echelon and Amazon’s Prime Bike.

Tesla Inc., down $25.16 to $424.23.

CEO Elon Musk said the electric vehicle maker won’t reach high-volume production of its batteries until 2022.

Bank of America Corp., down 53 cents to $23.94.

Treasury yields dipped, which hurts a bank’s ability to charge higher interest on loans.

GameStop Corp., up $1.81 to $10.56.

Venture Capital firm RC Ventures has taken a 10% stake in the video game retailer.

Chipotle Mexican Grill Inc., up $28.06 to $1,234.58.

The Mexican food chain is bringing back Carne Asada to restaurants across the U.S. for a limited time.

Comcast Corp., up $1.51 to $46.19.

Trian Fund Management took a 0.4% stake in the owner of NBC, according to the Wall Street Journal.

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