Midday Movers: TEA, SBUX, ARO & More

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

Teavana moved higher after news Starbucks will buy the company for $620 million in cash, or $15.50 a share.

Aeropostale and American Eagle moved higher on the heels of rival Abecrombie's strong earnings.

Target moved lower after it was revealed Farralon Capital sold its entire 1.69 million stake in the retailer.

IAMGOLD lost ground after the company reported weaker-than-expected quarterly earnings.

Baxter gained ground after Bernstein began coverage on the stock with an "outperform" rating and a $79 price target.

Woodward soared after the aerospace and defense supplier reported quarterly earnings that beat Street forecasts.

Cablevision lost ground after it was sued for $250 million over Hurricane Sandy outages.

Aveo Pharmaceuticals moved lower after Stifel Nicolaus began coverage on the stock with a "sell" rating.

Toyota fell after the automaker said it would recall 2.77 million vehicles worldwide, including some of its Prius hybrid cars, for steering and water pump problems. It's the carmaker's second multi-million recall in a little over a month.

Hexcel Corp moved higher following reports from UK's Daily Mail that it could be a takeover target.

(Read More: See CNBC's Market Insider Blog)

—By CNBC's Rich Fisherman.

Questions? Comments? Email us at marketinsider@cnbc.com