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Midday movers: Facebook, Target, Carnival & more

Thursday, 19 Dec 2013 | 12:09 PM ET
The exterior facade of the NASDAQ market on the first day of Facebook trading on May 18, 2012.
Ben Hider | Getty Images
The exterior facade of the NASDAQ market on the first day of Facebook trading on May 18, 2012.

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

Facebook - Shares fell after the social-networking company said founder Mark Zuckerberg would sell 41.4 million shares worth about $2.3 billion to pay a tax bill as part of an offering by Facebook of 70 million shares.

Target - The discount retailer said hackers might have stolen data from some 40 million credit and debit cards of shoppers in the first three weeks of the holiday season. Its shares declined.

Carnival- Shares of the cruise line rose after it reported a small but surprising fourth-quarter profit.

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McDonald's - Shares of the fast-food chain slid after its Japanese unit, which it owns a 50 percent stake in, said it plans to close 74 outlets in the country. It also cut its full-year forecast by more than half in the region.

Darden Restaurants - Shares fell after the company reported a 41 percent drop in quarterly profit. It also said it would sell or spin off its Red Lobster unit.

Winnebago Industries - Shares of the motor-home maker dropped after it reported quarterly revenue below estimates.

Caterpillar - Shares fell after the company said machine sales fell 12 percent in November.

KB Home - Shares of the home builder slid after it posted weaker-than-expected fourth-quarter earnings and revenue.

Boeing - The plane manufacturer declined after it lost a $4.5 billion fighter deal with Brazil to Swedish aerospace firm Saab.

Gogo - Shares rose after it entered into an in-flight wireless agreement with Aeromexico.

Amgen - Shares edged lower after it said its experimental cholesterol drug succeeded in a late-stage trial.

Accenture - The company's shares rallied after it posting better-than-expected first-quarter results as increased demand for outsourcing services helped offset weakness in its consulting business.

Essex Property Trust said it would buy BRE Properties for $4.3 billion to become the largest publicly traded REIT on the West Coast. Shares of both companies fell.

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

—By CNBC's Rich Fisherman.

Questions? Comments? Email us at marketinsider@cnbc.com

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FB
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TGT
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CCL
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MCD
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DRI
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WGO
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CAT
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KBH
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BA
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GOGO
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AMGN
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ACN
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BRE
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Featured

  • 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.

  • Sharon Epperson is CNBC's senior commodities and 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.

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