Stocks to Watch: GOOG, GRPN, ELY & More
Take a look at some of Wednesday's midday movers:
Jeans makers Guess , True Religion , and VF Corporation were all lower after Levi Strauss reported weak sales numbers for Europe and Asia on Tuesday.
Google moved lower after analysts at bernstein said it sees second-quarter revenues coming in below consensus estimates.
Groupon fell below $8 a share on Street concerns about its financial health. The stock has dropped 60 percent from its IPO price.
Calloway Golf lost ground after Golfweek magazine said the company will announce cuts of up to 10 perecnt of its workforce after the close Wednesday.
Orexigen jumped after the company said its obesity drug trial may end sooner than expected.
Mead Johnson Nutrition rose after a consumer watchdog in China said a testing center had made mistakes in reporting that some of the company’s baby formulas contained prohibitive additives. The stock had fallen as much as 8 percent on Tuesday following the reports.
Airline stocks rose including United Continental, US Airways, Allegiant Travel and Delta after Deutsche Bank raised its second quarter earnings outlook, citing better revenue results and lower fuel prices.
Abercrombie and Fitch gained ground after reports the retailer was preparing a big buyback of its shares.
Coach and Tiffany fell after news that Burberry reported a decline in first quarter sales growth, blaming the economic slowdown in China.
Adtran fell after the network equipment maker reported second quarter results below street estimates, citing weak demand.
DirectTV was lower after its customers were left without Nickelodeon, MTV, and Comedy Channel after Viacom demanded that they be dropped from DirectTV’s lineup in a dispute over fees.
Dendreon lost ground after Bank of America Merrill Lynch slashed its price target and lowered sales estimates.
Estee Lauder was lower as well after Deutsche Bank maintained a "hold" rating and lowered its price target.
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