Midday Movers: EBAY, KR, TGT & More
Take a look at some of Thursday's midday movers:
Ebay hit another 8-year high as Caris boosted its fourth-quarter estimates on the online auction company and hiked its price target to $61 from $54 a share.
Kroger moved higher after the supermarket chain posted stronger-than-expected third-quarter profits and raised its full-year earnings forecast.
Stein Mart gained ground after strong November same-store sales plus announcing a special $1 a share dividend.
Retailers, including Target, Macy's, Nordstrom, and Kohl's all moved lower after weak November same-store sales.
Advance Auto Parts fell after an auction failed to attract bids that met its price expectations, making it unlikely the auto the auto parts retailer will proceed with plans to sell itself, according to Reuters.
Cree lost ground on a Deutsche Bank downgrade to "hold."
Cracker Barrel Old Country Store slid as its first-quarter income shrank 2.6 percent. The company also warned second-quarter income would fall below Street forecasts.
Infoblox rose after the data-center technology company raised its outlook.
Barnes & Noble fell after the company said its quarterly loss in its Nook division increased. The company also said its core bookselling business slowed in the quarter.
Lockheed Martin rose after the company said talks with the Pentagon over a fifth batch of F-35 fighter jets was progressing well and an agreement was likely before the end of the year.
Microsoft moved lower after NPD Group said initial Windows 8 sales haven't been terribly strong.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Rich Fisherman.
Questions? Comments? Email us at marketinsider@cnbc.com
