Stocks to Watch: YHOO, UA, INTU & More
Take a look at some of Tuesday's midday movers:
Yahoo moved higher after the search-engine company said it will return $3 billion of proceeds on the Alibaba sale to shareholders.
Under Armour fell after Buckingham downgraded the sports apparel retailer to "neutral" from "buy."
Intuit moved lower after the company's CEO told investors 2012 wasn’t their best year; they failed to attract new customers.
Research In Motion spiked after the BlackBerry maker signed a licensing agreement with Microsoft .
Manchester United fell after the company reported a wider-than-expected loss.
Panera Bread pulled back after Miller Tabak downgraded the restaurant chain to "hold," based on price valuation.
Homebuilder stocks, including Pulte, Beazer, Standard Pacific,Lennar were all lower despite a report showing builder confidence rose to the highest level in six years. Most homebuilder stocks are up more than 100 percent in the past year.
F5 Networks gained after Topeka Capital cited the networking company’s potential market share gains. Meanwhile, Cisco Systems said it is backing away from a segment referred to as “ACE load-balancing products.”
Bed Bath Beyond moved lower after Oppenheimer cut its rating on the retailer to "perform" from "outperform" on upcoming earnings concerns.
Molina and Health Net lost ground after Jefferies cut the health insurers to "underperform" from "hold," citing industry headwinds.
BP slid following news of an oil leak at at a BP-operated oil field in the North Sea.
Google moved higher after its Motorola Mobility unit unveiled a new smartphone, powered by an Intel processor.
Abbott Labs fell after Leerink Swann downgraded the stock to "market perform" from "outperform" ahead of the company’s split.
Schiff Nutrition rose after posting stronger-than-expected earnings and raising its fiscal 2013 sales growth estimates.
Steel Dynamics fell after Jefferies downgraded the stock to "hold" from "buy."
HNI plummeted after the company lowered its third-quarter guidance on softer than expected demand in its office furniture business.
ExactTarget fell as its lockup expired today. The stock made its debut in March and is up nearly 22 percent from its ipo price of $19.
—By CNBC's Rich Fisherman.
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