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Midday Movers: ABX, NEM, GOLD & More

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

Gold stocks were hit as gold futures broke down below key technical levels. Barrick Gold, Newmont Mining and Randgold Resources were all lower.

True Religion Apparel surged following a buyout offer from Towerbrook Capital Partners for about $826 million or, $32 per share.

Intuitive Surgical fell after the the company issued an "urgent medical device notification."

Macy's hit an historic high. The retailer expected to reports its quarterly earnings next Wednesday, May 15, before the opening bell.

Universal Display fell hard after the company reported earnings and an outlook that disappointed investors. Canaccord Genuity cut its price target on the company to $30 from $43 saying that the risk reward and valuation suggest limited upside at current levels. Universal Display makes OLED technologies used in flat panel displays including mobile devices.

3D Systems traded lower but was off lows after the company sold a 7.5 million share offering at a 7 percent discount to Thursday's close.

—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.

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

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

  • Senior Producer at CNBC's Breaking News Desk.