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Midday movers: AMC Networks, AutoNation, DraftKings and more

AuthorLiz Moyer
Published 02/17/2023, 12:54 PM
Updated 02/17/2023, 01:07 PM
© Reuters.

By Liz Moyer

Investing.com -- Stocks were falling on Friday after Fed officials indicated support for further interest rate increases to tame inflation. Here are the midday movers for Feb. 17.

  • AMC Networks Inc (NASDAQ:AMCX) shares jumped 27% after the television and streaming company announced better-than-expected results for the fourth quarter, with adjusted profit of $2.52 beating the consensus of $1.05 a share.
  • AutoNation Inc (NYSE:AN) shares rose 9.6% after the car dealer beat expectations for the recent quarter and cited stronger demand for new vehicles. Revenue rose 2% as average selling prices increased.

  • DraftKings Inc (NASDAQ:DKNG) shares rose 14.7% after the gambling company reported a surge in quarterly revenue to $855 million from $473M a year earlier. Revenue is getting a boost as more states legalize mobile and online sports betting.

  • Deere & Company (NYSE:DE) shares rose 7% after the agricultural equipment maker raised its 2023 outlook, saying farmers continue to buy new equipment.

  • Moderna Inc (NASDAQ:MRNA) shares dipped 4.4% after mixed results from a test of its experimental flu vaccine based on messenger RNA technology. The test didn't prove its vaccine was at least as effective as already approved vaccines.

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