Midday movers: Disney, Imax, Groupon & more
Take a look at some of Tuesday's midday movers:
Myriad Genetics fell on reimbursement and competitive pressures. Medicare recently said it would reduce payments for breast cancer gene tests.
Walt Disney fell after B Riley downgraded the stock to neutral from buy, citing valuation.
Groupon rose after it announced record holiday weekend sales in North America.
Mondelez moved higher after it boosted its stock buyback by $1.7 billion to $7.7 billion.
Raytheon rose after the defense contractor forecast as much as $5 billion in Mideast orders in a matter of weeks.
Deckers Outdoor gained after Canaccord raised its price target $10 to $91 a share, citing accelerating sales.
Abercrombie & Fitch climbed as Engaged Capital, which owns less than 1% of the company, called on the teen apparel retailer to replace longtime CEO Mike Jefferies when his contract expires in February.
Imax fell after Goldman Sachs cuts its rating to neutral from buy, citing valuation.
Ascena climbed after the women's apparel retailer reported a five percent rise in first-quarter sales as more customers shopped at its Lane Bryant and Justice brand stores.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Rich Fisherman.
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