Midday movers: Elan, Groupon, Monster Beverage

Stocks are lower as consumer confidence pulled back in June from a 6-year high.

By MSN Money Partner Jun 14, 2013 1:38PM
logocopyright corbis/superstockInformation provided by Theflyonthewall.com

 
Elan (ELN) shares jumped 8% after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process. 

Among the notable gainers was Restoration Hardware (RH), which jumped 18% after its quarterly results beat expectations and the company raised its fiscal year outlook. 

Also higher were shares of Groupon (GRPN), which advanced 13% after Deutsche Bank upgraded the stock to "buy" and raised its price target on the stock to $10 from $6. 

Among the noteworthy losers was Myriad Genetics (MYGN), down another 8% the day after the Supreme Court ruled on gene patents. 

Also lower was Monster Beverage (MNST), which fell 4% after a report that the American Medical Association may endorse sales and advertising bans of energy drinks to consumers under 18 years old. 
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