Stocks to Watch: MOH, CNC, ANR & More
Take a look at some of Friday's midday movers:
Molina Healthcare and Centene Corp both spiked after the health insurers won contracts to continue as Medicaid providers in the state of Ohio.
Alpha Natural fell after it said it would reduce its coal output and cut 150 jobs, due to low coal prices. Other coal companies, including Arch Coal, Peabody Energy and Consol Energy were down as well.
Francesca’s Holdings surged after it reported that fiscal first quarter earnings more than doubled, easily beating street expectations. It also raided its full year outlook. The company operates 238 retail boutiques in 41 states.
Rockwell Automation moved higher after it approved a $1 billion buyback and raised its quarterly dividend 11 percent to 47 cents a share.
Human Genome Sciences was also higher after GlaxoSmithKline extended its hostile $2.6 billion tender offer another 3 weeks.
Nokia jumped on rumors it could be taken over by Samsung.
Yum Brands fell, in sympathy with McDonald's , which said its same store sales rose a slower than expected 3.3 percent in May on global economic woes. Yum owns the Taco Bell, Kentucky Fried Chicken, and Pizza Huts chains.
Amgen fell after its drug failed a phase 3 trial to reduce the mortality rate in patients suffering from chronic kidney disease
Kraft said its heading for the Nasdaq when it splits its company in two later this month. This to save listing costs.
Ferrellgas Partners surged after the propane distributor said its third quarter earnings rose 84 percent, easily beating street estimates.
Progress Software fell after it reported preliminary second quarter results that missed street expectations.
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