Midday Movers: MSFT, GOOG & More

Market Insider | What's Shaking | Stocks to Watch

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

Microsoft up on a report from CNBC's David Faber that activist investor ValueAct Capital had taken a $2 billion stake in the software giant.

Google moved sharply and quickly lower Monday morning. Analysts at Birinyi Associates and Nanex noted that Google traded down 3.6 percent to 775 in one second at 9:37 am ET Nasdaq had "no comment" on the unusual trading activity.

Netflix traded up ahead of its quarterly earnings report after the bell. Netflix shares were also upgraded to "neutral" from "sell" at B. Riley Caris, while the price target was raised to $165 from $90 per share.

Ralph Lauren was lower after settling bribery allegations with the SEC and the DoJ. The retailer will pay more than $1.6 million to settle criminal and civil investigations involving its subsidiaries in Argentina.

International Paper higher after the company put out a press release saying that, "it is in talks with Unisource regarding a proposed business combination of xpedx, International Paper's distribution business, and Unisource."

Energy was the strongest sector, fueled in part by Halliburton on the strength of its quarterly earnings report.

(Read More: See CNBC's Market Insider Blog)

—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.

  • Bob Pisani

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

  • Sharon Epperson

    CNBC's Senior Personal Finance Correspondent

  • JeeYeon Park

    JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli

    Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Peter Schacknow

    Senior Producer at CNBC's Breaking News Desk.