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Check out the companies making the biggest moves midday Monday:
AMC — Shares of the theater chain dropped 38% as investors weighed the company's new preferred share class and news that rival Cineworld that it was considering bankruptcy. AMC's new APE units were trading at roughly $7.50 per share, offsetting the large losses for the common stock.
Bed Bath & Beyond, GameStop — Other meme-stock favorites Bed Bath & Beyond and GameStop also dropped. Bed Bath & Beyond fell more than 9% as investors continued to react to news investor Ryan Cohen had sold his shares and a report that certain suppliers have halted shipments to the retailer because of unpaid bells. GameStop followed along, declining about 4%.
Signify Health — Shares of the home health services provided jumped 33% after The Wall Street Journal and Bloomberg News reported that Amazon is among the bidders for the company. CVS and UnitedHealth are also reportedly making bids. Shares of Amazon dipped by 3%.
Netflix — The streaming service dropped more than 6% following a CFRA downgrade of the stock to sell from hold. The firm also lowered its price target to $238 from $245, slightly lower than Friday's closing.
Ford — Ford shares sank nearly 5% after a jury ruled against the automaker in a case involving a fatal crash that centered on roof strength in one of its older pickup trucks. The company has been ordered to pay $1.7 billion. Ford also announced Monday morning it is cutting about 3,000 jobs in the U.S. and Canada.
Tesla — Shares of Tesla dropped 2.5% after CEO Elon Musk announced the electric-car maker would hike the price of its Full Self-Driving option by 25% in September. The cost will jump to $15,000 from $12,000.
Occidental Petroleum — The
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