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Midday Movers: YHOO, FB & More

Market Insider | What's Shaking | Stocks to Watch

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

Yahoo traded higher after the media company announced an acquisition of the mobile news app, Summly. Terms of the deal were not disclosed.

Facebook fell to its lowest price in 2013. In a related story, the SEC approved Nasdaq OMX Group's plan to pay customers up to $62 million for losses related to the Facebook IPO.

Family Dollar dropped following news that its competitor, Dollar General was going to sell tobacco products. Sales of cigarettes and alcohol have been driving earnings at Family Dollar according to CNBC contributor Stacey Widlitz.

Red Hat was hurt by a downgrade to "market perform" from "outperform" at Raymond James.

Short-covering bounce? Apollo Group surged following the for-profit education company's second-quarter earnings report that showed net profits fell 79 percent on declining enrollment.

VMware Software traded lower following reports that PayPal and Ebay plan to pull VMware from thousands of servers and replace it with an open-source alternative.

—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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    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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    Senior Producer at CNBC's Breaking News Desk.

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    Evelyn Cheng is a markets writer for CNBC.

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    Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.

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