Midday movers: AMC Networks, DraftKings, Union Pacific and more
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By Liz Moyer
Investing.com -- Stocks are wobbling on Tuesday as investors look ahead to Friday's job report for November. Here are the midday movers for Nov. 29:
AMC Networks Inc (NASDAQ: AMCX) shares fell 5.6% after the streaming media company's CEO stepped down with just a few months on the job. There are reports layoffs are coming as the company deals with the same slowdown in advertising that is affecting other media companies.
DraftKings Inc (NASDAQ: DKNG) stock rose 1.5% after the online sports betting company stuck an agreement with Churchill Downs (NASDAQ: CHDN) to offer horse race betting to DraftKings users through a separate app.
Union Pacific Corporation (NYSE: UNP) stock rose 1% as lawmakers rushed to avert a railroad strike early next month. The House was preparing to vote this week on legislation that would avert a strike, and the Senate would follow quickly after that. CSX Corporation (NASDAQ: CSX) stock rose 0.8%.
Hibbett Sports Inc (NASDAQ: HIBB) stock fell 9% after the sporting goods retailer missed expectations for revenue and profit and said it had ongoing challenges with higher freight and fuel costs and wage inflation. It confirmed its previous full-year guidance.
Amazon.com Inc (NASDAQ: AMZN) stock fell 1.5% as its cloud computing division AWS prepared for its annual presentation. Analysts are looking for updates on how resilient cloud demand will be as investors worry about slowing revenue growth.
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