Take a look at some of Friday's midday movers:
Progressive rose after the property and casualty insurer declared a special dividend of $1 a share.
Peabody fell after Nomura cut the company's earnings estimates for 2013 and 2014 and lowered the share price to $22 from $25. Alpha Natural, Arch Coal and Consol Energy also declined.
Lowe's gained after UBS raised its price target on the home-improvement company to $36 from $32.
Celgene moved higher after the FDA approved the pharmaceutical company's breast cancer drug Abraxane to include treatment for non-small cell lung cancer.
Workday surged in its Wall Street debut on the NYSE. LinnCo also rose in its first day of public trading.
Western Digital and Seagate moved lower after Citi downgraded both hard disk drive suppliers to "sell" from "buy" because of weak PC demand.
NPS Pharmaceuticals rose after the FDA found three concerns related to its experimental drug for short bowel syndrome but said the drug didn't need to be restricted for safety reasons.
Dollar Tree fell after being downgraded to "equal weight" from "overweight" at Johnson Rice.
Biogen moved higher after the company said a new look at data bolsters its high profile multiple sclerosis drug. Approval is expected for this year or early 2013.
Travelzoo lost ground after the company warned about its third-quarter earnings and revenue.
Liquidity Services fell after Bank of America Merrill Lynch downgraded the online auctioneer to "neutral" and cuts its price target to $46 from $42.
(Read More: CNBC's Market Insider Blog)
—By CNBC's Rich Fisherman.
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