Midday Movers: AAPL, BAC, FLO & More
Take a look at some of Monday's midday movers:
Apple jumped after Barron's said the stock is on its way to hitting $800 a share. The stock is down about 20 percent off its $705 intraday high hit 2 months ago.
Banks among the leaders today on optimism Washington will come up with a budget deal. Bank of America, Citigroup, Suntrust, JPMorgan, and KeyCorp all moved higher.
Flowers Foods moved higher as it amended and extended its $500 million loan facility, giving it greater financial flexibility just as bankrupt rival Hostess Brands receives bidders for its brands.
Athenahealth moved higher after Raymond James upgraded the stock to "strong buy" from "market perform" with a price target of $75.
Nokia gained ground after the company sold out its flagship Lumia 920 device in Germany.
Williams-Sonoma rose after BofA/Merrill Lynch upgraded the stock to "buy" from "underperform."
Intel lagging a strong move in the chip sector. CEO Paul Otellini is set to retire in May. Other semiconductor stocks, including Texas Instruments, Applied Materials, Advanced Micro Devices, and Micron, moved higher.
Ligand and GlaxoSmithKline both gained ground after the FDA approved PROMACTA for the treatment of low blood platelet counts in patients with chronic hepatitis C.
Wal-Mart rose as the company moved its planned dividend into late December from early January to help its investors avoid a looming jump in the tax rate that is part of the "fiscal cliff."
Homebuilders, including Pulte, Lennar, Hovnanian, Toll Brothers and DR Horton all moved higher as the National Association of Homebuilders/Wells Fargo builder sentiment index hit its highest level in more than six years.
