Thursday, March 28, 2024
Homemarket insiderMidday movers: Vodafone, Sony, Xerox & More

Midday movers: Vodafone, Sony, Xerox & More

Take a look at some of Monday's midday movers:

Vodafone Group moved lower on news AT&T had ruled out a bid for the British cellphone company for the time being.

United Technologies gained ground after Defense News, an industry publication, cited sources in reporting the company is considering options including a sale or spin-off for its Sikorsky helicopter unit.

Royal Caribbean Cruises moved higher after reporting better-than-expected fourth-quarter earnings and revenue. It also guided fiscal 2014 earnings above consensus views.

Career Education slid after the for-profit education company said it received inquiries from attorneys general in 12 states regarding its enrollment practices and student loans.

Rayonier moved higher after the maker of specialty wood pulp used in cigarette filters said it would split in two, separating its performance fibers business from its forest resources and real estate businesses.

Bitcoin rose despite having two exchange operators charged in a money laundering scheme for allegedly attempting to sell $1 million in the digital currency to users of the underground black market website Silk Road.

Tata Motors fell after the Indian automaker's director of domestic operations sudden death over the weekend. Police were investigating the case as an apparent suicide.

Ann lost ground after Janney Capital downgraded the operator of Ann Taylor and Loft to neutral, citing negative holiday traffic and weak consumer demand.

Xerox moved lower, on track for a sixth straight losing session, after BMO Capital and Barclays downgraded the stock.

Twitter , Tesla Motors, Netflix, Facebook, 3D Systems and Veeva Systems all moved lower after Marc Faber recommended shorting the stocks.

Pfiizer moved a bit lower after its experimental lung cancer drug failed two late-stage trials.

Southwest Airlines came off its lows after announcing plans to start flights to Aruba, Bahamas and Jamaica in July, its first international service.

YRC Worldwide moved higher after the Teamsters approved its revised labor contract.

Sony fell after Moody's cut its debt rating to junk status.

Mallinckrodt lost ground after UBS downgraded the stock to sell from neutral.

RetailMeNot rose after Goldman upgraded the stock to buy from neutral with a price target of $40 a share (from $32), citing improving mobile initiatives and direct traffic.

Foot Locker gained ground after JPMorgan began coverage with an overweight rating and a $47 a share price target.

Xoom climbed after Raymond James upgraded the consumer-to-consumer online money transfer company to Strong Buy from Market Perform with a price target of $33 a share.

(Read More: )

—By CNBC's Rich Fisherman.

Questions? Comments? Email us at marketinsider@cnbc.com

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