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Midday Movers: Wynn Resorts, Align Technology, Newell Brands and More

By Liz Moyer

Investing.com -- Stocks were lower on Monday as investors awaited the Federal Reserve's rate decision this week, as well as data on jobs. Here are the midday movers for Oct. 31:

  • Wynn Resorts Limited (NASDAQ:WYNN) stock jumped 10% after the disclosure that billionaire Tilman Fertitta had taken a 6.1% stake in the casino and resort operator.

  • Align Technology Inc (NASDAQ:ALGN) stock rose 3.8% after the maker of Invisalign announced a $200 million accelerated stock buyback under its $1 billion program.

  • Newell Brands Inc (NASDAQ:NWL) shares fell 7.6% after the owner of brands such as Yankee Candle and Rubbermaid caught a downgrade from analysts at Barclays to underweight from equal weight.

  • ON Semiconductor Corporation (NASDAQ:ON) shares fell 6.9% after the chip company beat expectations for profit and revenue but provided an outlook that calls for a dip in revenue from the sequential quarter.

  • Meta Platforms Inc (NASDAQ:META) shares fell 6% as the Facebook parent and other big tech stocks weighed on the indexes, dragging the Nasdaq down 0.7%.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.8% 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.