Stocks to Watch: AAPL, LOW, CNC & More
Take a look at some of Monday's midday movers:
Apple hit another all-time high to become the biggest stock ever, surpassing Microsoft’s peak market cap of $618.9 billion from December 1999.
Hedge Fund investor David Einhorn made $60 million in the Aetna -Coventry merger. Einhorn disclosed a 6,660,000 stake in Coventry at end of June. Meanwhile, Centene moved lower after Stifel Nicolaus noted the company could be a loser in the Aetna-Coventry deal.
Lowe’s skidded after the company reported weaker-than-expected quarterly earnings, cut its profit outlook for the year and lost market share to rival Home Depot .
Waste Management lost ground in heavy trading, pressured by a Barron’s article that stated the company was at risk of falling as much as 15 percent if it continues to miss profit forecasts.
United Continental and Delta Airlines moved higher after Deutsche Bank took notice of recent insider buying by company executives.
Zagg fell on word co-founder Robert Pederson was stepping down as chairman and CEO of the mobile-device accessory maker.
Public Service lost ground after Morgan Stanley downgraded the New Jersey utility to "underweight" and lowered its price target to $31 from $34 a share.
Casino stocks Las Vegas Sands , Wynn and MGM moved higher after Sterne Agee said their Macau operations could log record revenue this month.
Equinix moved higher after Bank of America Merrill Lynch raised its price target on the company to $215 from $180, saying there is still more room for the stock to go higher.
—By CNBC's Rich Fisherman.
Questions? Comments? Email us at firstname.lastname@example.org