Midday movers: Coinbase, Wynn Resorts, Alibaba and more

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Midday movers: Coinbase, Wynn Resorts, Alibaba and more

By Liz Moyer

Investing.com -- Stocks were mixed on Friday, taking a breather a day after a big rally as inflation numbers came in better than expected. Here are the midday movers for Nov. 11:

  • Coinbase Global Inc (NASDAQ: COIN ) stock rose 10% after rival crypto exchange FTX filed for bankruptcy protection amid a liquidity squeeze that started last weekend. The price of Bitcoin stabilized but was still down nearly 3% on Friday to around $16,820.

  • Wynn Resorts Limited (NASDAQ: WYNN ) stock jumped 8% after China relaxed some of its Covid-19 restrictions, including cutting two days off the quarantine rules for international travelers. That could potentially be a boost for its Macau gaming operations.

  • Alibaba Group Holdings Ltd ADR (NYSE: BABA ) shares rose 1.7% as the Chinese e-commerce giant promoted its Singles' Day sales event. Fellow e-commerce firm JD.com Inc's (NASDAQ: JD ) shares rose 6.4%.

  • Ralph Lauren Corp (NYSE: RL ) shares rose 7.5% after the luxury fashion brand reported better than expected second-quarter results . It forecast 2023 revenue to rise 8%, though foreign exchange will be a challenge to growth.

  • LegalZoom.com Inc (NASDAQ: LZ ) shares rose 9.3% after it posted a smaller-than-expected loss and raised its full-year outlook for revenue.

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