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Midday movers: Allergan, Apple, Brown Shoe Co. & More

NYSE EuroNext flag hangs outside the NYSE.
Adam Jeffery | CNBC
NYSE EuroNext flag hangs outside the NYSE.

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

Allergan - The Botox maker fell after a Bernstein Research analyst called an increased offer from Valeant Pharmaceuticals International "rather disappointing."

Apple - The iPhone maker gained after Bernstein hiked its 12-month target to $700 from $615.

Brown Shoe Co. - The footwear company advanced after posting better-than-expected first-quarter earnings and boosting its 2014 earnings outlook.

Chevron - The oil company rose after shareholders rejected a proposal to split the roles of chairman and CEO, both currently held by John Watson.

Chico's FAS - The casual clothing retailer declined after posting weaker-than-expected first-quarter earnings.

Citrix Systems - The technology provider came off session lows on renewed takeover chatter.

Exxon Mobil - The oil giant edged higher after CEO Rex Tillerson said oil would be the leading energy source for another 25 years.

McDonald's - The fast-food chain declined after saying it expects to return as much as $20 billion to shareholders between 2014 and 2016.

Smith & Nephew - The maker of surgical devices rose after Wells Fargo said Stryker might make an offer.

SolarCity - The provider of solar power fell after CNBC contributor Herb Greenberg wrote that its deal with Groupon signaled a slowdown in business.

Synaptics - The provider of applications for smartphones rose on bullish comments from Needham and Company.

2U - The education technology company gained after announced it would teaming up with Syracuse University to support its online MBA program.

Vivus - The struggling marketer of obesity pills advanced after shareholder Aspen Investment fund said it held a 9.65 percent stake in the company and planned to acquire it for $640 million.

Yahoo! - The search engine fell after Microsoft CEO Satya Nadella said the company has no plans to sell its Bing search technology to its partner.

(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.