Market Insider

Monday's midday movers: Alibaba, Apple & more

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

Alibaba fell as options of the Chinese tech conglomerate traded for the first time, with 21,000 calls and 19,000 puts in the initial hour of trade.

Apple edged lower on news that the European Commission is expected to heavily fine the tech firm for allegedly taking advantage of illegal tax deals with the Irish government for more than 20 years.

Facebook edged higher on news that banks may request access to their clients' accounts on the social media site and use the stability of the friend networks to determine credit risk.

Baidu gained after UBS upgraded its rating on the Chinese search engine to "buy."

AiG traded lower as a federal judge was expected on Monday to begin hearing a case on whether the U.S.government's bailout of the insurance firm in 2008 was legal.

Bank of America edged lower on news that the bank had to the Securities and Exchange Commission for securities law violations that resulted in an overestimate that eventually reached billions of dollars.

Macy's lost ground despite news that it will increase its holiday workers by about 3.6 percent from the previous year, adding 86,000 seasonal jobs.