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Midday Movers: GS, CMG & More

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

Goldman Sachs rallied to its highest price since May 2011 after reporting much better-than-expected earnings.

Chipotle Mexican Grill fell following a weaker-than-expected earnings forecast. The restaurant operator cited higher food and marketing costs in its fourth quarter as reasons for the warning.


Genworth Financial soared following a plan to separate its mortgage insurance business from the parent company.

Yelp was lower again after being cut to "underperform" from "market perform" at Northland Capital with a reduced price target of $16.50. Yelp has been under pressure since Facebook's "Graph Search" tool was announced Tuesday and is being seen as increased competition for the social marketing website.

Dell fell below the buyout range being discussed for the computer maker of $13.50 a share to $14 a share, as reported by CNBC.

And Constellation Brands traded up to a 52-week high. Buckingham Research initiated coverage of the beer marketing company with a "buy" rating and a price target of $46 per share.

—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 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.