Stocks to Watch: DIS, ING, YELP & More
Senior Editor, CNBC
Take a look at some of Wednesday's midday movers:
Walt Disney hit an all-time high, trading over $51 per share.
ING Group rose after the company said it is selling its $3 billion stake in Capital One via an underwritten public offering.
Yelp rallied sharply following CEO Jeremy Stoppleman's comments. Stoppleman said that the click-through rate on mobile web traffic is "significantly higher" than on PCs and that the company is positioned to “grow for a long time,” speaking at the Citi Technology Conference.
LinkedIn jumped after Jefferies upgraded the stock to a “buy” from a “hold” and raised its price target to $142 from $92 per share.
Nokia plunged after the company introduced two new Lumia smartphones at a news conference in New York.
Safeway rose after the company announced plans to IPO its minority ownership stake in Blackhawk Network Holdings in the first half of 2013. However, Cantor Fitzgerald reiterated its “sell” on the stock.
—By CNBC's Lori Spechler.
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