Midday Movers: MSFT, GOOG & More
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
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