GO
Loading...

Midday Movers: DRI, WYNN & More

Tuesday, 4 Dec 2012 | 12:11 PM ET

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

Darden Restaurants fell after the company offered a weak view for its fiscal second quarter and cut its guidance for the year. Cheesecake Factory and DineEquity fell in sympathy.

Wynn Resorts, Las Vegas Sands and MGM Resorts all lost ground on news that the Chinese Government was increasing scrutiny of Macao Casino stocks.


Oshkosh moved lower after Carl Icahn abandoned his effort to get control of the heavy duty vehicle maker after shareholders tendered fewer shares than he had hoped for.

Campbell Soup and Electro Scientific Industries gained ground as they became the latest companies to declare a special dividend ahead of the new year. Campbell also moved up its regular dividend from January to December.

Vail Resorts slid downhill after its fiscal first-quarter losses widened on higher operating costs and flat revenue.

Health Net rose after Wells Fargo upgraded the stock to "outperform" from "market perform."

DSW moved higher after private equity firm Leonard Green & Partners was forced to disclose they have been building a stake in the company over the past few quarters, leading to speculation the company is a takeover target.

Net 1 UEPS Technologies plummeted after the company said the Department of Justice and FBI are investigating it over possible bribes to the South African government over contracts in connection with social welfare and benefits payments.

Syntel moved lower after the provider of integrated information technology lowered its full-year guidance.

Young Innovations rose after it agreed to be bought by private equity firm Linden Capital Partners that values the dental equipment maker at $314 million, or $39.50 a share in cash.

Demand Media fell after Goldman downgraded the company to "sell."


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

—By CNBC's Rich Fisherman.

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

  Price   Change %Change
DRI
---
DIN
---
CAKE
---
WYNN
---
LVS
---
MGM
---
OSK
---
CPB
---
ESIO
---
MTN
---
HNT
---
DSW
---
UEPS
---
SYNT
---
YDNT
---
DEMAND MEDIA
---

Featured

  • Patti Domm

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

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.

Executive Edge