Friday, March 24, 2023
Homemarket insiderMidday movers: Aaron's, Apple, Netflix & More

Midday movers: Aaron’s, Apple, Netflix & More

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

Aaron's – Shares of the electronics and furniture retail chain rose after Vintage Capital Management, which owns a 10 percent stake in the company, offered to buy it for $30.50 a share.

Apple – The iPhone maker gained. Wells Fargo said the company would likely raise debt again soon, following reports it spent $14 billion on stock buybacks in the past two weeks.

Netflix – Shares of the film subscription provider hit a record high, as did AutoZone and Expedia.

Fairway Group Holdings – The fresh foods retailer fell after reporting weaker-than-expected third-quarter results and said its CEO would retire.

Lululemon Athletica – The maker of athletic apparel rose after RBC upgraded its stock to outperform.

Google – The search engine gained after Dow Jones Newswires and others reported it had purchased a 5.94 percent stake in Lenovo either before or on the same day it agreed to sell the handset maker Motorola to the technology company.

iRobot – The robot maker fell after JPMorgan downgraded the stock to underweight from neutral.

Yahoo – The internet search engine rose as Citi repeated a buy rating, based on valuation.

Sony – The electronic equipment maker gained as Jefferies upgraded the stock to buy.

Merck – Shares of the pharmaceutical company rose after it said it agreed to pay $100 million to resolve all U.S. product liability lawsuits involving its NuvaRing contraceptive device.

Halliburton – The provider of services to energy exploration companies rose after Goldman Sachs maintained a buy rating, based on valuation.

Arrowhead Research – The biopharmaceutical company climbed after Jefferies doubled its price target to $30 a share, following a positive meeting with management.

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—By CNBC's Rich Fisherman.

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