Take a look at some of Friday's midday movers:
CIT Group spiked following a Reuters report saying the company had preliminary talks to sell itself to banks. But a spokesman for CIT told CNBC that they "don't comment on market rumor or speculation."
Chipmaker Texas Instruments gained to hit a 52-week high.
RadioShack rose after the consumer electronics retailer named merchandising veteran Joseph Magnacca as its new CEO. Shares of the troubled electronics retailer have been cut in half over the past year.