Midday movers: Chevron, Nutrisystem, Skechers & More

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

Ares Management - The private equity firm fell in its market debut after offering 11.3 million shares at $19.

Berkshire Hathaway - The investment manager declined energy unit is buying the rest of Canadian power transmission provider AltaLink for $2.9 billion.

Chevron - The oil producer slid after posting weaker-than-expected first-quarter earnings and revenue.

Endocyte - The company's shares fell after it and Merck said their jointly developed experimental cancer drug did not slow the progress of ovarian cancer.

Gold - The price of the metal rose as tensions mount in Ukraine.

Michael Kors Holdings - The apparel company rose as did Kate Spade after Nomura began coverage on both with a buy rating.

News Corporation - The media company moved higher after buying romance novel publisher Harlequin Enterprises for $415 million.

Nutrisystem - The provider of weight-loss programs rose on better-than-expected quarterly results and a bullish full year outlook.

Papa Murphy's Holding - The pizza chain rose in its market debut after offering 5.8 million shares at $11.

Pharmacyclics - The biopharmaceutical company fell after releasing first-quarter earnings.

Skechers USA - The sports shoe maker declined after saying it will explore buying a stake in the Los Angeles Clippers basketball team.

Spirit AeroSystems Holdings - The maker of aircraft components gained after reporting quarterly results.

Tempur Sealy International - The mattress maker rose after Wedbush raised its rating to outperform from neutral.

Visteon - The supplier of auto systems rose after saying it would sell most of its automotive interiors business to private equity firm Cerberus Capital Management.

(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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