Midday Movers: ERJ, UTX, MDVN & More
Take a look at some of Monday's midday movers:
Embraer United Technologies – Embraer received a big order for the newest version of its E-Jet planes. Skywest will be the launch customer with a firm order of 100 planes and options for another 100. Embraer has also received letters of intent to buy 265 E-Jets from others. United Technologies' Pratt & Whitney unit will provide the engines for the planes.
Medivation, Johnson & Johnson – Medivation fell sharply after Johnson & Johnson announced a deal to buy privately-held Aragon Pharmaceutical. The deal strengthens J&J's position in the prostate cancer space and puts pressure on Medivation's prostate cancer drug Xtandi.
Cisco Systems – Cisco was the biggest percentage gainer in the Dow and hit ts highest level in nearly three years ahead of an analyst call hosted by Deutsche Bank on Tuesday.
ViroPharma – ViroPharma spiked nearly 14 percent following a Reuters report that the orphan drugmaker has attracted takeover interest from several pharmaceutical companies.
—By CNBC's Juan Aruego
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