Stocks to Watch: JPM, PEET, RIMM & More
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.
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."
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.
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