Market Insider

Midday movers: Facebook, MFC Industries, FMC & More

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Source: Facebook

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

MFC Industrial - Shares jumped 10 percent after the commodity supplier said it would acquire FESIL Group, a producer of ferrosilicon, an alloy in making steel and cast iron, for approximately $82 million.

Alexion Pharmaceuticals - Shares rose 6.1 percent after the drug manufacturer upwardly revised its profit and sales forecast for the year after France agreed to hike reimbursement payments for the company's lead drug, Soliris.

FMC - Shares gained 5.8 percent after the chemical manufacturer said it would divide into two publicly traded companies, one a minerals business and the other its agricultural solutions, health and nutrition business.

Facebook - The social network site rose 3.1 percent after UBS hiked its price target for the stock to $90 from $72.

Cliffs Natural Resources - Shares fell 4.7 percent after Axiom Capital initiated coverage of the iron ore miner with a "sell."

Joy Global - Shares of the mining-equipment maker declined 3.1 percent, along with other commodity-related companies, including Freeport-McMoRan Copper & Gold and Peabody Energy, after an unexpected decline in China's exports in February spurred demand concerns.

McClatchy - Shares jumped 18 percent after The Wall Street Journal cited people familiar with the matter in reporting Classified Ventures, a joint venture of McClatchy and four other media companies, had put its online listing business up for sale at a price of up to $3 billion.

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—By CNBC's Kate Gibson.

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