Midday Movers: EA, PHM & More

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

Electronic Arts was the worst performer on the S&P 500 after Cowen lowered its outlook for the game maker but maintained its "outperform" rating.

U.S. home builder confidence rallied to its highest in over 6-1/2 years, according to the NAHB/Wells Fargo Housing Market Index, sending shares of homebuilders PulteGroup, Lennar and Toll Brothers higher.

Coca-Cola Enterprises moved higher after the company announced a $1.5 billion stock buyback and affirmed its 2012 guidance. In addition, the company said it sees 10 percent growth in 2013.

Baker Hughes gained despite warning its fourth-quarter revenue will be below expectations including a decline in operating margins in North America. Analysts were divided on the company's guidance; Barclay's raised its price target on the oilfield services company to $56 from $53 while three other analysts cut their price targets to as low as $40 per share.

Seagate Technology continued to rally, crossing its 200-day moving average of $28.32 a share.

Ctrip.com climbed after the online travel service company was upgraded to "outperform" from "neutral" at Macquarie Research and price target was increased to $25 from $19 a share.

Reynolds America and Lorillard were among the worst performers on the S&P 500 as tobacco companies were hit by fresh regulatory concerns.

And gun makers Sturm, Ruger & Company and Smith & Wesson were lower for a second day following the Newtown school massacre and news that Cerberus Capital would look to sell gun maker, Freedom Group.

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

—By CNBC's Lori Spechler

Questions? Comments? Email us at [e-mail]