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Midday movers: Teva Pharmaceuticals, Infosys, Sprint & more

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

Teva Pharmaceuticals fell after its CEO resigned amid reports of boardroom tensions.

Brixmor Property Group, a shopping center company owned by the Blackstone Group, rose in its market debut, valuing the REIT at about $6 billion.

Tesla said it expects to sharply increase the number of lithium ion battery cells it receives from Japan's Panasonic in a deal that underscores the carmaker's confidence in the future of electric cars. Still, its shares fell.

Merrimack Pharmaceuticals plummeted after its cancer drug failed a mid-stage study in patients with advanced ovarian cancer.


Infosys came off its lows after it said it reached a $34 million visa settlement with the Department of Justice.

Hess fell after the oil and natural gas producer reported a lower-than-expected third-quarter profit as unrest in Libya and asset sales pressured production.

Spirit Airlines dropped despite posting better-than-expected quarterly earnings and revenue.

Volkswagen moved higher as operating profits rose on slower sales.

BorgWarner lost ground despite a 65 percent rise in profits. The maker of automotive turbochargers and emission systems also raised its full-year forecast.

Sprint moved higher despite posting a third quarter revenue decline as the company maintained its financial targets for 2013.

Range Resources rose after the oil and gas company posted better-than-expected third-quarter earnings

Questcor Pharmaceuticals fell after the drugmaker revealed that federal regulators have joined an ongoing investigation of the company.

Coleman Cable rose on a Reuters report it's exploring a sale.

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

—By CNBC's Rich Fisherman.

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.

  • CNBC Personal Finance Correspondent

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

  • 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.