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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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.