Midday Movers: PCAR, YELP, P & More

Market Insider | What's Shaking | Stocks to Watch

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

PACCAR shares were volatile after SEC announced a settlement with the truck manufacturer and its subsidiary regarding charges alleging accounting deficiences.

Yelp traded lower after analysts say CFO comments made on Friday were interpreted as being bearish for any potential acquisition by Google. According to a Reuters report, Yelp CFO Rob Krolik said "we are actually happy to partner with Facebook (for graph search) if that's something that they're interested in."

Pandora fell on reports that Apple is close to securing a streaming music service for iTunes and that the tech giant has inked a deal with Warner Music.

SodaStream rose after Barclays raised its price target on the company to $100 from $55 at Barclays, with an "overweight" rating.

Positive news out of the annual ASCO meeting translated into gains for big pharma including Bristol Myers and Merck. Merck was the best performer on the Dow.

Just one S&P 500 stock hit a new record high: Cerner. Meanwhile, several S&P 500 stocks hit fresh 52-week highs including Merck, Lam Research, Best Buy, Teradyne, Ford Motor and Applied Materials.

—By CNBC's Lori Spechler

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