Midday Movers: AEO, ANN, KCG & More
Take a look at some of Wednesday's midday movers:
American Eagle Outfitters moved higher after the company posted stronger-than-expected earnings. The teen clothing retailer also raised its 2012 outlook.
Ann also rose on stronger than expected earnings.
Knight Capital gained ground following a $3.50 buyout offer from Getco. It also has a $3 a share upfront offer from Virtu Financial to take the company private and combine it with Virtu.
BP lost ground on news the EPA temporarily suspended the oil company from getting new contracts from the Federal Government.
Homebuilders, including Lennar, Pulte, DR Horton, Hovnanian and Toll Brothers were all lower following news that new home sales dropped 0.3 percent in October. September sales were lowered as well.
Gulfport Energy moved higher after the company reported strong test results on a Utica Shale well.
Meridian Bioscience lost ground after Wedbush cut its rating on the stock to "underperform" from "neutral."
Movado gained ground after its third-quarter income jumped sharply. The luxury watch maker also raised its fiscal-year guidance.
Medley Capital fell after the investment company offered 5 million shares at $13.75, a 22 percent discount from its recent closing price.
Deckers rebounded after Jefferies noted "very high" Internet searches for the brand last week, saying its product remains relevant.
Idenix jumped on a bullish note from Deutsche Bank, which said the Street is undervaluing its new drug pipeline.
Allstate moved higher a bit after it said it expects to report October disaster losses of $1.08 billion, mostly from superstorm Sandy.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Rich Fisherman.
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