Market Insider

Midday movers: Honeywell, Twitter, FedEx & More

Take a look at some of Friday's midday movers:

Honeywell rose after it announced a $5 billion stock-buyback program.

Electronic Arts gained after Piper Jaffray cited better-than-expected Battlefield 4 sales for November, as well as the fact that more-than 33 percent of those sales were for the next generation platform.

Twitter hit a record high for a fourth session. RBC Capital Markets said the social-media company is just scratching the surface with advertisers, lifting its price target from $33 to $60 a share.

OpenTable slid on news that Apple had filed for a restaurant-reservation patent.

United States Steel and ArcelorMittal rose after Cowen upgraded both steel companies, citing the rebounding economies in Europe and the U.S.

Nimble Storage climbed more-than 10 percent in its NYSE debut after pricing 31 million shares at $21 a share.

AstraZeneca jumped after an FDA panel approved it and Bristol-Myers Squibb's diabetes drug after rejecting it in January 2012 because of safety concerns.

Anadarko Petroleum slid after a U.S. bankruptcy judge ruled it could be liable for at least $5 billion and possibly as much as $14.2 billion in a lawsuit over environmental and legal liabilities related to its 2006 acquisition of Kerr-McGee. Analysts were expecting them to pay $3 billion or less.

General Electric edged higher after increasing its quarterly dividend 16 percent to 22 cents a share. gained. USA Today reported the online retailer was working on a packaged-goods business known as Pantry that will allow it to better compete with brick-and-mortar retailers.

Arm Holdings climbed after Bloomberg reported Google was considering using the British company's chips to design its own server processors.

Simon Property Group rose as the mall-owner said it would spin off its strip-center business and smaller enclosed malls into a publicly traded REIT.

Qualcomm rose after the chip manufacturer named COO Steve Mollenkopf its new CEO, replacing Paul Jacobs.

FedEx gained after Raymond James upgraded the stock to strong buy with a $190 price target, citing valuation.

Raymond James also upgraded to strong buy with a price target of $150.

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—By CNBC's Rich Fisherman.

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