Stocks to Watch: JPM, PEET, RIMM & More

Monday, 23 Jul 2012 | 1:15 PM ET

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

JPMorgan rose on news that CEO Jamie Dimon and his wife bought 500,000 shares of JPMorgan stock for $17 million at prices ranging from $34.02 to $34.45.

Peet’s Coffee and Tea soared after being acquired by German Conglomerate Joh. A.Benckiser for $977 million or about $73.50 a share, a 20 percent premium to Peet’s Friday close.

Research In Motion moved higher after Canadian investor Prem Watsa, known as the Warren Buffett of the North, doubled his stake in the embattled company to just under 10 percent.

General Motors hit a 52-week low and Ford neared one amid continued concerns over a weakening global economy.

J.C.Penney rose after the retailer sold its stake in Simon Property Unit for $248 million.

Energy stocks, including ExxonMobil, Chevron, Valero, BP and ConocoPhillips all lost grounds as oil prices plummeted.

  Price   Change %Change

Gencorp jumped after it doubled its size by buying United Technologies’ Rocketdyne unit for $550 million.

Homebuilders rose as Goldman Sachs turn positive on MDC, KB Home, and Ryland. However Goldman downgraded NVR to "sell."

  Price   Change %Change

InterMune fell after reporting disappointing second-quarter revenue.

Galectin Therapeutics rose on 70 times its 10 day moving average after it received a U.S. patent for its liver disease treatment. Galectin is a small-cap stock.

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.

  • Sharon Epperson is CNBC's senior commodities and personal finance correspondent.

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.

Executive Edge