Market Insider

Midday movers: Apple, Astrotech, Blackberry & More

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

Apple - The consumer technology company rose after UBS lifted its price target to $700 from $625, citing Apple's iPhone refresh cycle.

Astrotech - The commercial aerospace company soared on news it will sell its space operations unit to Lockheed Martin for $61 million.

Biogen Idec - The biotechnology company advanced after JPMorgan upgraded the stock to overweight from neutral, citing upside potential from its multiple sclerosis franchise.

Blackberry - The struggling smartphone maker rose after CEO John Chen increased the odds of turning the company around to 80 percent from 50 percent.

Celgene - The biotechnology company fell after JPMorgan downgraded the stock to neutral from overweight, saying its growth drivers are already reflected in the stock.

Dish Network - The provider of satellite television edged higher after saying it would accept bitcoin payments.

Goodyear Tire & Rubber - The tire maker fell after saying it would spend about $500 million on a new factory and increase its quarterly cash dividend payment by 20 percent to 6 cents a share and boost its share repurchase program by $350 million. Moody's called the dividend hike and share repurchase plan credit negative events.

HIllshire Brands - The meat producer rose after Tyson Foods offered $6.8 billion for the maker of Ball Park hot dogs, topping Pilgrim's Pride's $6.4-billion bid.

Intercontinental Hotels Group - The hotel operator gained after Marcato Capital, which owns a 3.8 percent stake, said it believes the company would benefit from by merging with a larger hotel operator.

Interpublic Group of Companies - The advertising firm climbed after CNBC's David Faber suggested activist firm Elliott Management could be a buyer of the company's shares.

Manchester United - The owner of a professional football club in the United Kingdom fell after JPMorgan downgraded the stock to neutral and dropped its price target to $17.50 from $18.90, based in part on player wage inflation. Owner Malcom Glazer died Wednesday at 85.

Sanderson Farms - The poultry producer advanced after posting better-than-expected quarterly profits, helped by higher demand and lower grain costs.

Smith & Nephew - The maker of medical devices rose after the Financial Times reported Stryker was readying a bid for the company, and RBC Capital called the risk/reward favorable. Summer Street raised its price target for Smith & Nephew to $100 from $83.

Tata Motors - The Indian automaker declined after reporting a marginal drop in fourth-quarter net profit.

(Read More: )—By CNBC's Rich Fisherman.Questions? Comments? Email us at