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Midday movers: Allergan, BB&T, McDonald's & More

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

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

Allergan - The drug developer gained after posting second-quarter earnings above expectations and said it would cut 1,500 jobs.

Anacor Pharmaceuticals - The drug maker rose on an agreement with Novartis to market its antifungal treatment in the U.S.

BB&T - The financial-holding company declined after reporting weaker-than-expected quarterly earnings.

Blackberry - The supplier of wireless devices declined after naming Marty Beard as its chief operating officer. Beard was most recently the CEO of LiveOps, a provider of cloud applications.

DaVita Healthcare Partners - The provider of kidney-dialysis services slid after Raymond James downgraded it to market perform from outperform.

Extreme Networks - The provider of network infrastructure equipment and services rose after projecting fourth-quarter revenue and profit above estimates.

GoPro - The maker of adventure cameras gained after JPMorgan and Piper Jaffray began coverage with overweight ratings.

Hewlett-Packard - The printer maker dropped after a former chief financial officer of Autonomy said in a court filing he opposed a settlement between HP executives and directors and shareholders over HP's acquisition of the British software company.

Itron - The provider of metering systems to utilities fell after Bank of America/Merrill Lynch downgraded it to underperform from buy.

ManpowerGroup - The staffing firm fell after reporting second-quarter results.

Monster Beverage - The beverage company fell after Morgan Stanley downgraded the stock to equal weight from overweight.

Restoration Hardware Holdings - The retailer slipped after BB&T downgraded the stock to hold from buy.

Tiffany - The upscale jeweler slid after saying its chief executive of 15 years would retire next year.

Yum! Brands - The operator of KFC, Pizza Hut and Taco Bell declined, as did McDonald's, after a Shanghai television station reported a supplier sold them expired beef and chicken in China.

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

—By CNBC's Rich Fisherman.

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

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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