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Midday Movers: FB, HLF & More

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

Facebook moved back above $30 per share for the first time in six months.

Biggest talker of the day: Herbalife and the battle of the hedge fund titans. Shares of Herbalife were sharply higher after Third Point's Daniel Loeb reported an 8.2-percent passive stake in the embattled weight-loss management and nutritional supply company. In December, Bill Ackman has made a very loud "short" case for shares of Herbalife.


The Dow Jones Transportation Average rallied to trade at its highest level since July 2011.

Harley-Davidson surged after Citi said dealer checks showed the motorcycle manufacturer's fourth-quarter 2012 retail sales were up 6 to 8 percent.

Visa rose after the stock was added to Goldman Sachs' "Americas Conviction List" as its top pick for the year with a price target of $188 per share.

Goldman also resumed coverage of Amazon at a "buy" rating with a $315 price target saying "e-commerce growth, driven by shrinking traditional retail footprints and favorable demographics" should continue to exceed expectations.

Danaher was sharply higher after the maker of testing and medical equipment said it expects to exceed its fourth-quarter profit and revenue forecast.

And best analyst report title of the day: "If We Ran the Zoo We'd be Nervous Now Too" says Liz Dunn, analyst at Macquarie Research on J.C. Penney. She goes on to say that "the moderate department store model may be broken" and that even if the turnaround at the retailer is successful, it will take longer than she originally thought.

—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.

  • CNBC Senior Commodities Correspondent 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.