Market Insider

Midday movers: Big Lots, Safeway, Foot Locker & more

This Thursday, April 26, 2012, file photo, shows the exterior of a Safeway store in San Francisco. Safeway Inc. said Thursday, July 19, 2012, that its net income fell 16 percent in the second quarter, as the grocery store operator spent more on advertising and fought to hold onto customers amid growing competition. (AP Photo/Paul Sakuma, File)
Paul Sakuma

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

Big Lots - Shares rallied nearly 21 percent after the seller of discontinued and overproduced products reported adjusted fourth-quarter profit that topped expectations.

Safeway - Shares fell 2.7 percent as investors considered possible antitrust issues for Cerberus Capital Management's bid for the grocery-store operator.

Foot Locker - The retailer gained 7 percent after posting fourth-quarter adjusted profit that exceeded Wall Street estimates.

Prudential Financial - Shares of the financial-services provider rose 2.6 percent after Bank of America upgraded it to buy from neutral.

Cooper Companies - The medical-device company gained 5.8 percent after posting first-quarter earnings that exceeded estimates.

Smith Micro Software - Shares surged 52 percent after the software maker reporteda smaller-than-expected loss in the fourth quarter.

Novatel Wireless - Shares dropped 25 percent after the company missed earnings and revenue expectations for the fourth quarter and issued first-quarter guidance below estimates.

Korn/Ferry International - Shares jumped nearly 12 percent after the executive-search firm reported third-quarter earnings and revenue that beat Wall Street's expectations.

Alpha Natural Resources - Shares of the coal miner declined 9.8 percent after Bloomberg News reported the company stands to pay a $27.5 million fine under a proposed settlement with the government over toxic releases from mines in five states.

FireEye - Shares fell 9.5 percent after the network-security company priced the follow-on public offering of 14 million shares of its common stock at $82 a piece.

Skullcandy - The headphone maker rose 31 percent after it reported fourth-quarter earnings that beat analysts' estimates.

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—By CNBC's Kate Gibson.

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