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Midday Movers: GM, JCP & More

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

General Motors traded higher after the U.S. Treasury announced plans to sell 200-million shares in the automaker and divest the rest of its holdings over the next 12 to 15 months.

JC Penney jumped after news that the retailer hired Brandon Tonniges from Abercrombie & Fitch.

Navistar moved lower after the commerical truck company reported a quarterly loss on lower military sales and higher tax expenses.

Lennar fell after government data showed housing starts were weaker-than-expected in November, down 3 percent. Shares of the homebuilder fell through its 30-day moving average of $39.67 per share.

Electronic Arts, Activison and Take Two Interactive fell amid concerns that video game makers could come under heavier scrutiny following the Newtown massacre.

Smith & Wesson and Sturm Ruger bounced after President Obama announced the creation of a task force for guns. The gunmakers had both been down more than 12 percent since last Friday.

—By CNBC's Lori Spechler

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.

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

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  • 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.