Midday movers: Yum Brands, Zynga

Stocks are lower as negotiations in Washington continue to dominate headlines and move the market.

By MSN Money Partner Nov 30, 2012 2:29PM
Image, Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Facebook (FB) and Zynga (ZNGA) disclosed that they have changed the terms of their partnership, meaning Facebook will now be able to develop its own games and Zynga won't have to use Facebook ad units or payments on its outside sites. Zynga shares fell 8% after the changes were publicized.

Yum! Brands (YUM) provided guidance, including a softer outlook on China, and was downgraded by at least three firms. Shares fell over 9% following the announcement and the corresponding analyst notes.

Several more companies announced special one-time dividends, including Whole Foods (WFM), Tellabs (TLAB), Enzon Pharmaceuticals (ENZN), National Beverage (FIZZ) and Regal Entertainment (RGC).

Among the notable gainers were Christoper & Banks (CBK), up 23%, and Five Below (FIVE), up 15% following their quarterly reports. Among the noteworthy losers was NTELOS (NTLS), which fell 22% after FBR predicted its deal with Sprint (S) will not be renewed. 

Also lower were shares of VeriSign (VRSN), down 13% after it announced a revised .com agreement that limits its ability to increase prices.
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