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Midday movers: Ann, Best Buy Co., Exxon & more

Scott Mlyn | CNBC

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

Affiliated Managers Group - The asset manager led gains on the S&P 500 after Credit Suisse reiterated an outperform rating.

Ann - The women's retailer rose after Reuters cited people familiar with the matter in reporting the company has hired JPMorgan Chase to advise it on a possible sale.

Best Buy Co. - The consumer-electronics retailer dropped after reporting less-than-expected revenue for the third consecutive quarter.

Boeing The plane manufacturer and aluminum-producer Alcoa rose on a better-than-expected orders for durable goods in July, with strong demand for aircraft cited.

Doral Financial - The bank declined after disclosing in a regulatory filing that talks to negotiate with Puerto Rico fell through on the company's attempt to get a $229 million tax refund.

Exxon Mobil - The oil producer led gains on the Dow Jones Industrial Average as it rose to a record, with UnitedHealth Group also helping pace blue-chip gains.

Kite Pharma - The biotechnology company advanced on positive results in an early-stage study for an experimental cancer immunotherapy.

Merck & Co. - The pharmaceutical company rose, along with Pfizer, on news the two would collaborate on potential treatments for lung cancer.

Mobileye - The designer of technology to avoid car accidents rose as Wall Street banks issued their first coverage notes, which were generally bullish.

Qualcomm - The maker of mobile chips edged higher. Reuters cited people familiar with the matter in reporting the company could face a European antitrust probe.

Trina Solar - The supplier of solar panels fell after reporting weaker-than-expected second-quarter results.

(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.

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