Stocks making the biggest moves midday: Netflix, Adobe, Wynn Resorts, Humana and more

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Check out the companies making headlines in midday trading.

Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and said its stock could rally more than 30% as it rolls out an ad-supported service and cracks down on password sharing.

Adobe — Adobe shares slumped 15% on news that it's acquiring a design software firm known as Figma for roughly $20 billion in cash and stock. The company beat earnings estimates for the period but shares mixed guidance for the current quarter.

Oracle — Shares of the software company dropped another 2%, extending a 5% sell-off from the previous session on weak earnings. Oracle's earnings came in at $1.03 per share, adjusted, compared to the $1.07 per share expected by analysts, according to Refinitiv. Its revenue met expectations, however. 

Rail stocks — Select rail stocks moved higher following the announcement of a tentative, last-minute deal between the railroad companies and the unions that represent their workers. Union Pacific and Norfolk Southern rose 1.6% and just below 1%, respectively. CSX Corp. was down more than 2% despite ticking up in extended trading before the bell.

Wynn Resorts — Shares jumped 8% after Credit Suisse upgraded Wynn Resorts to outperform, saying the casino stock could nearly double after its hotel convention center expansion in Las Vegas.

'Buy now, pay later' stocks — Shares of major «buy now, pay later» stocks slipped on the back of a report from the Consumer Financial Protection Bureau calling for more oversight into the sector. PayPal and Affirm Holdings both declined less than 1%, while Block's stock added nearly 2%.

Fisker — The electric vehicle maker's share price jumped 3.6% after Needham