Midday Movers: AAPL, BAC, FLO & More

RELATED QUOTES

SymbolPriceChange
AAPL524.75-6.95
FLO20.54+0.22
ATHN134.97+0.85
NOK7.30-0.17
WSM62.57+0.24

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

Apple (AAPL) jumped after Barron's said the stock is on its way to hitting $800 a share. The stock is down about 20 percent off its $705 intraday high hit 2 months ago.

Banks among the leaders today on optimism Washington will come up with a budget deal. Bank of America, Citigroup, Suntrust, JPMorgan, and KeyCorp all moved higher.

Flowers Foods (FLO) moved higher as it amended and extended its $500 million loan facility, giving it greater financial flexibility just as bankrupt rival Hostess Brands receives bidders for its brands.

Athenahealth (ATHN) moved higher after Raymond James upgraded the stock to "strong buy" from "market perform" with a price target of $75.

Nokia (NOK) gained ground after the company sold out its flagship Lumia 920 device in Germany.

Williams-Sonoma (WSM) rose after BofA/Merrill Lynch upgraded the stock to "buy" from "underperform."

Intel lagging a strong move in the chip sector. CEO Paul Otellini is set to retire in May. Other semiconductor stocks, including Texas Instruments, Applied Materials, Advanced Micro Devices, and Micron, moved higher.

Ligand (LGND) and GlaxoSmithKline (GSK) both gained ground after the FDA approved PROMACTA for the treatment of low blood platelet counts in patients with chronic hepatitis C.

Wal-Mart (WMT) rose as the company moved its planned dividend into late December from early January to help its investors avoid a looming jump in the tax rate that is part of the "fiscal cliff."

Homebuilders, including Pulte, Lennar, Hovnanian, Toll Brothers and DR Horton all moved higher as the National Association of Homebuilders/Wells Fargo builder sentiment index hit its highest level in more than six years.

Aruba Networks (ARUN) moved lower following Cisco's (CSCO) announcement over the weekend that it would acquire cloud networking company Meraki for $1.2 billion, thereby strengthening its position in cloud networking.

Agrium (AGU) gained ground as its largest shareholder, Jana Partners, stepped up its fight for change at the Canadian fertilizer maker, naming its own slate of nominees. Jana wants the company to split its wholesale and retail divisions.

Allscripts Healthcare Solutions (MDRX) spiked on speculation it was was close to being taken over.

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

-By CNBC's Rich Fisherman.

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



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