Midday Movers: AutoZone, Coinbase, Opendoor Technologies and More

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Midday Movers: AutoZone, Coinbase, Opendoor Technologies and More

By Liz Moyer

Investing.com -- U.S. stocks wavered on Monday ahead of the Federal Reserve's two-day monetary policy meeting. Here are the midday movers for Sept. 19:

  • AutoZone Inc (NYSE: AZO ) stock fell 2.2% as the car parts retailer beat profit expectations but outlined higher costs for the fiscal year that just ended and the near-term amid higher shipping costs.
  • Coinbase Global Inc (NASDAQ: COIN ) shares fell 8.5% as Bitcoin tumbled below $19,000. Investors are fleeing risk assets as they anticipate another big interest rate increase from the Fed this week.
  • Opendoor Technologies Inc (NASDAQ: OPEN ) stock fell 6% after a report that the home flipper lost more than 40% on August resales amid a broader downturn in the housing market.
  • Wix.Com Ltd (NASDAQ: WIX ) shares rose 13% after Starboard Value's disclosure that it had taken a 9% stake in the cloud-based software firm.
  • Lennar Corporation (NYSE: LEN ) shares rose 2% on hopes for a turnaround in the housing market. Lennar reports earnings later this week, with analysts expecting earnings of $4.86 a share on revenue of nearly $9 billion. Housing data including housing starts and building permits numbers are also due this week.

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