GO
Loading...

Midday Movers: BBY, THC & More

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

Best Buy soared on holiday sales that fell less than expected but cash flow concerns continue to dog the world's biggest consumer-electronics retailer by sales. Trading in shares of Best Buy was especially heavy with volume above both its 10-day and 100-day averages.

Tenet Healthcare traded up to its highest price in over six years after an upgrade to "buy" from "neutral" at Bank of America Merrill Lynch; price target $44 from $32.


Pepco Holdings traded lower. The company notes opinion in ConEd vs. U.S. court case disallowing certain tax benefits and sees potential non-cash charge in its first-quarter. Pepco Holdings was also downgraded to "neutral" from "outperform" at Credit Suisse and the price target was cut to $20.50.

JC Penney smacked on a downgrade to "sell" from "neutral" by UBS citing a "deteriorating earnings outlook". The analyst also slashed his price target on the retailer to $13 from $21 per share.

Infosys surged after posting better-than-expected quarterly results and raising its revenue forecast.

Dendreon got a lift after an upgrade from Bernstein to "outperform" with a $10 per share price target. The biotech company has been one of the worst performers in its sector over the past 2 years, down 84 percent.

Corning was lower after a downgrade to "neutral" from "buy" at Goldman Sachs; price target was cut to $14 from $14.50.

And of note: an unusual midday spike for Blyth. The direct-marketing company had been caught recently in the downdraft from the controversy surrounding its peer, Herbalife.

—By CNBC's Lori Spechler

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

Symbol
Price
 
Change
%Change
BBY
---
THC
---
POM
---
JCP
---
INFY
---
DNDN
---
GLW
---
BTH
---
HLF
---

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.

  • 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.