Midday Movers: LM, WMT & More
Senior Editor, CNBC
MGM Resorts was lower after a downgrade by Nomura to "neutral" from "buy," citing valuation.
Nokia had its best day in nearly 12 years after posting better-than-expected fourth-quarter earnings.
Morgan Stanley climbed after Third Point unveiled a new equity position in the financial services company. In a letter, Third Point says that Morgan Stanley needs to set the "right tone" at the boad level and that one director is "familiar" to the hedge fund run by Daniel Loeb. CNBC has learned that Roy Bostock is the director that is "familiar to Third Point fund managers.
—By CNBC's Lori Spechler
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