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Midday movers: Aaron's, Campbell Soup, Intel & More

Trader on the floor of the New York Stock Exchange.
Getty Images
Trader on the floor of the New York Stock Exchange.

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

Social Media and Biotechs - The iShares Nasdaq Biotech ETF and Global X Social Media Index ETF dropped after Federal Reserve raised concerns that prices in both sectors remained high.

Aaron's - The electronics retailer slid after reducing its outlook for the second quarter.

Campbell Soup - The producer of convenience foods declined after Goldman Sachs cut its rating to sell from neutral.

CIT Group - The financial-holding company gained after increasing its quarterly dividend 50 percent to 15 cents a share.

Hewlett-Packard - The computer maker edged lower. Interim Chairman Ralph Whitworth resigned from the board due to health issues.

Intel - The chip manufacturer declined ahead of its second-quarter earnings report after the bell.

Lions Gate Entertainment - The film studio rose after it and Alibaba said they would join forces on a subscription streaming service for mainland China.

MGM Resorts International - The casino operator declined as did Las Vegas Sands after Sterne Agee raised its estimates for both companies.

Michael Kors Holdings - The clothing retailer fell for the second session as Sterne Agee and Barclays both reduced their price targets for the firm.

Plug Power - The maker of fuel cells climbed after FBR Capital Markets began coverage with an outperform rating.

Rockwood Holdings - The lithium producer jumped after chemicals maker Albemarle agreed to buy the company for $6.2 billion.

USANA Health Sciences - The provider of nutritional products fell after CNBC contributor Herb Greenberg suggested the company may be violating Chinese direct-sales rules.

Wolverine World Wide - The footwear maker dropped after cutting its forecast for full-year earnings.

Yahoo - The online search engine fell ahead of its quarterly earnings report after the bell.

(Read More: See CNBC's Market Insider Blog)

—By CNBC's Rich Fisherman.

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