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Midday movers: Apple, Big Lots, Tesla Motors & more

Traders on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders on the floor of the New York Stock Exchange.

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

Apple - The seller of consumer technology rose after the Financial Times reported it was working with Dutch chipmaker NXP to enable pay-by-touch capabilities to its smartphone.

Avago Technologies - The maker of chips used in mobile phones advanced after a slew of analysts hiked their price targets for its stock.

Big Lots - The discount retailer declined after reporting second-quarter sales below estimates.

Fred's - The discount retailer dropped after saying it plans to close 60 stores and reporting a net loss for the second quarter.

Google - The search engine rose after saying it would develop drones to deliver goods, following in the footsteps of Amazon.com.

Johnson & Johnson The maker of consumer products advanced after the Wall Street Journal reported the company would look for an acquirer for its medical-device making unit, valued at as much as $2 billion.

Net 1 UEPS Technologies - The South African supplier of payments services rose, a day after posting fiscal fourth-quarter revenue that beat estimates.

Pacific Sunwear of California - The clothing retailer slipped after forecasting larger-than-expected third-quarter losses.

Splunk - The maker of operational-intelligence software gained, a day after reporting strong revenue growth and hiking its 2014 sales forecast.

Tesla Motors - The electric-car maker rose to an all-time high after saying it would join Chinese mobile carrier China Unicom to construct charging stations across China to bolster sales in the globe's largest market for autos.

Veeva Systems - The supplier of cloud-based business services surged after increasing its year-end earnings outlook.

(See CNBC's Market Insider Blog)

—By CNBC's Kate Gibson.

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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