Midday movers: Manchester United, Coinbase Global, Apple and more

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Midday movers: Manchester United, Coinbase Global, Apple and more

By Liz Moyer

Investing.com -- Stocks wobbled on an abbreviated day of trading as investors look toward the Federal Reserve's meeting next month. Here are the midday movers for Nov. 25:

  • Manchester United Ltd (NYSE: MANU )shares jumped 15% on speculation about the UK football club's recent announcement it would seek strategic alternatives, including a possible sale. 

  • Coinbase Global Inc (NASDAQ: COIN )shares fell 3% after crypto exchange Binance committed $1 billion to a recovery fund for the industry after the collapse of FTX. The price of Bitcoin fell 0.8%, under $16,500.

  • Apple Inc (NASDAQ: AAPL )stock fell 1.9% on worries about new Covid-related lockdowns in China as the country tries to contain a new outbreak. The lockdowns have contributed to unrest at the Foxconn factory that makes iPhones.

  • Amazon.com Inc (NASDAQ: AMZN )shares fell 0.5% as Black Friday kicked off the tradition start to holiday shopping season in the U.S. Cyber Monday is traditionally the big day for online shopping. Walmart Inc (NYSE: WMT ) shares were flat, as were Target Corporation (NYSE: TGT ) shares.

  • American Airlines Group (NASDAQ: AAL )shares rose 1.9% as people returned to the skies in nearly the same numbers they did before the pandemic. United Airlines Holdings Inc (NASDAQ: UAL ) shares rose 1.9%, too.

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