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Midday movers: Alcoa, Sprint, Yelp & More

Traders on the floor of the New York Stock Exchange.
Getty Images
Traders on the floor of the New York Stock Exchange.

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

Abengoa Yield - The owner of renewable and conventional power and electric transmission assets soared in its market debut after 24.9 million shares were priced at $29 a share.

Aeropostale - The retailer and others including Abercrombie & Fitch, American Eagle Outfitters and Zumiez gained after Sycamore Partners announced a a 9.9% stake in Express, saying it could be interested in buying the retailer.

Alcoa - The aluminum producer rose after BMO Capital upgraded the stock to market perform from under perform.

Blackberry - The wireless device maker declined on bearish comments from Credit Suisse.

Citigroup - The lender fell after Bloomberg reported the government has asked the lender to pay more than $10 billion to settle an investigation into its sale of mortgage securities ahead of the financial crisis.

Lululemon Athletica - The Canadian yogawear retailer fell to a three-year low after it received five more downgrades.

OncoMed Pharmaceuticals - The drug developer fell after it halted early stage trials in two of its experimental cancer drugs, due to concerns of bone damage.

Sprint - The telecommunications carrier rose and T-Mobile US fell. CNBC's David Faber reported a definitive deal is still weeks away, that the merged company would be branded T-Mobile, and the two agreed on a $2 billion breakup fee.

TW Telecom The company advanced on a report from website Brightwire that Level 3 Communications was in talks to acquire the company.

Yelp - The online local guide rallied as did other Internet names including Groupon, Angie's List and GrubHub rose after Priceline Group said it would as buy OpenTable for $103 a share in cash, a 46 percent premium over OpenTable's Thursday close.

(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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ABY
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ARO
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ANF
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AEO
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ZUMZ
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EXPR
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AA
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BB
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C
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LULU
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OMED
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YELP
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GROUPON
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ANGI
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GRUB
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PCLN
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OPEN
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TWTC
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LVLT
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S
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TMUS
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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.

  • CNBC Senior Commodities Correspondent and Personal Finance Correspondent

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