Stocks to Watch: UTX, NTDOY & More
By: Lori Spechler | Senior Editor, CNBC
Take a look at some of Thursday's midday movers:
United Technologies rose after CEO Louis Chenevert said that the company would resume stock buybacks in 2013. The company had suspended buybacks earlier this year to focus on its acquisition of Goodrich. Chenevert also forecasting another two to three years of a “hard environment” in Europe.
ADRs of Nintendo ticked higher after the company announced it will launch Wii U on November 18 at a price of $299.99 for the basic set.
T. Rowe Price fell after Credit Suisse downgraded the stock to “neutral” from “outperform.”
Walt Disney hit a new all-time high before pulling back. The CFO of the media conglomerate said that the company will take a $50 million write down in the fourth quarter for some discontinued work. He also said ratings during the summer weren’t great but, that advertising for its fiscal first quarter “looks very good."
Time Warner hit a 52-week high after the company's price target raised to $54 from $51 per share by Wunderlich Securities.
LyondellBasell Industries and Procter & Gamble also rose to 52-week highs.
Manchester United fell to its lowest price ever post IPO. The company started trading August 14 at $14 per share.
—By CNBC's Lori Spechler.
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