Midday Movers: C, CHK, EBAY & More

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

The financial sector turned lower as headlines from Cyprus continue to weigh on the markets. Citigroup and Credit Suisse were among the biggest decliners.

Chesapeake Energy fell on a downgrade from Sterne Agee citing concerns about valuation, near-term hedges and cash flow uncertainty.

JMP Securities initiated coverage of the Internet sector and named Ebay its top stock pick. Google was also rated "market outperform" at JMP with a price target of $955 per share.

Hain Celestial jumped on an upgrade from Longbow Research to "buy" following a survey of Whole Foods and Fresh Market. Longbow's survey showed positive demand and sales trends within the organic food sector. Whole Foods is the biggest customer for Hain Celestial.

Walgreen traded at a 52-week high after the drugstore chain announced a distribution and equity deal with AmerisourceBergen. AmerisourceBergen traded near its historic high.

Miner Cliffs Natural hit a new 52-week low and its lowest price in nearly four years as iron ore prices fell.

—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.

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