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Midday movers: Medtronic, Netflix, Tesla Motors & More

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

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

Achillion Pharmaceuticals - The drug maker rallied after Maxim Group raised its price target to $22 from $6 and maintained its buy rating.

Biogen Idec - The drug maker edged lower as did those of AbbVie after the companies disclosed partial but mixed results from a drug trial involving patients with relapsing-remitting multiple sclerosis.

DreamWorks Animation SKG - The studio fell after box office receipts for its "Dragon 2" movie came in short of expectations.

Exelon - The utility rose along with others in its sector, including Ameren, Edison International and CenterPoint Energy.

General Electric - The infrastructure and financial services company fell after Germany's Siemens and Japan's Mitsubishi Heavy Industries made a joint offer to France's Alstom for some of its assets, challenging a bid by GE.

Lithia Motors - The retailer of new and used vehicles rose after it agreed to buy DCH Auto Group for $362.5 million, giving it a foothold in the eastern United States.

Medtronic - The medical device maker declined after executives at the company told a conference call it would stay in the market for new technologies even as it digests Dublin-based medical device maker Covidien. The $42.9 billion acquisition announced on Sunday help propel others in the space higher, including Boston Scientific, Stryker, St. Jude Medical and Intuitive Surgical.

Netflix - The online provider of television shows and films edged lower after it announced an animated series with toy and game maker Mattel.

New York Times - The publishing company edged higher after Executive Editor Dean Bacquet told staff in a memo that he had a malignant tumor on his kidney removed.

Starbucks - The coffee seller was mildly higher after partnering with Arizona State University to offer steep discounts for online degrees to 135,000 U.S. employees.

Tesla Motors - The electric car maker rose as investors cheered last week's decision by the company to share its technology patents.

(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.

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  • Senior Producer at CNBC's Breaking News Desk.