Market Insider

Midday movers: Facebook, Gilead Sciences & More

SodaStream soda

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

SodaStream International - The home soft drink maker spiked on an Israeli newspaper report that Starbucks was in talks to buy a 10 percent stake in the company.

Facebook - Shares fell ahead of the social network's earnings report later Wednesday and after it won regulatory approval to buy Occulus, a maker of virtual reality goggles.

Gilead Sciences - The biopharmaceutical company gained after posting better-than-expected earnings.

Biogen Idec - The biotechnology company fell after reporting per share earnings that missed estimates.

Ingersoll-Rand, Ryder Systems and General Dynamics all moved higher after reporting better-than-expected quarterly earnings. - Shares of the online retailer declined. It is teaming up with HBO in a deal that will make available to Amazon Prime members some classic cable shows like the Sopranos and The Wire. Netflix fell on the news.

Northrop Grumman - The defense contractor rose after posting better-than-expectedquarterly earnings.

Plug Power - The fuel cell maker declined after saying it would take part in a secondary stock offering, selling an additional 15 million shares.

SunPower - The solar panel maker rose after Deutsche Bank upgraded the stock to buy from hold, increasing its price target to $38 from $33 a share.

Norfolk Southern - The railway fell after its first-quarter profit dropped 18 percent amid weakness in coal shipments.

Brinker International - The operator of casual dining restaurants lost ground as its third-quarter revenues came in shy of expectations.

Dr Pepper Snapple Group - The soft drink company advanced after reporting its first-quarter profit rose 46 percent, helped by strong sales and lower commodity costs.

Lennar - The home builder fell after data had new home sales falling in March. KB Home, PulteGroup, DR Horton and Toll Brothers also fell.

Barrick Gold - The miner gained along as gold rebounded from a more-than two-month low. Newmont Mining, Goldcorp, and AngloGold Ashanti also moved higher.

Coca-Cola - Shares of the beverage maker moved a bit lower ahead of its shareholders' meeting at which the company's compensation plan will be voted on.

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—By CNBC's Rich Fisherman.

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