Stocks to Watch: AEO, PHM, PM & More
Take a look at some of Wednesday's midday movers:
American Eagle Outfitters rose after the teen retailer declared a special dividend of $1.50 a share and a quarterly dividend of 11 cents a share.
BAE Systems rose on news it was in advanced merger talks with Europe’s EADS, the parent of Airbus.
Pulte led the S&P 500 index as Williams Financial upgraded the homebuilder and raised its price target to $17 from $13. Other homebuilders including Lennar, Toll Brothers, KB Homes and DH Horton also rose as the Housing Sector Index hit its highest level since April 2008.
Airline stocks, including United Continental, Delta, US Airways and Southwest gained ground after the Department of Transportation said average fuel costs fell in July.
Philip Morris fell despite raising its quarterly dividend by 10 percent to 85 cents a share.
McDonald's traded lower after the fast-food chain announced it would add calorie counts to its menu across the nation.
MetLife lost ground after the Wall Street Journal reported that the FDIC has not approved the sale of its banking unit to General Electric .
Mediware surged after it agreed to be acquired by leading private equity firm Thoma Bravo for $22 a share in cash.
Oncolytics plummeted after the company announced changes to its late stage study of its head and neck cancer drug Reolysin.
—By CNBC's Rich Fisherman.
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