Midday Movers: REGN, FOSL & More
Take a look at some of Monday midday movers:
Fossil gained ahead of its quarterly earnings report expected Tuesday. Analysts expect the company to post earnings per share of $2.26 on revenue of $930 million. Benchmark Capital cut the fashion accessories company to "hold" from "buy" ahead of the report, citing lack of upside catalysts.
Genworth Financial rose following a report that said the firm is in talks to sell its wealth management and alternative investment business for $400 to $500 million. The analyst at Sandler O'Neill said an approximately $450 million price tag for the business would not be "unreasonable."
Diamond Foods popped on heavy volume, amid reports suggesting that a short squeeze might be a factor.
Kroger hit a 52-week high after an upgrade from Goldman Sachs to "neutral" from "sell".
Sony Pictures Entertainment and Starz inked a deal extending their agreement giving Starz exclusive rights to Sony Pictures' movies through 2012. Meanwhile, shares of competitor Netflix fell following the news.
—By CNBC's Lori Spechler
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