Midday movers: Agilent, Rite Aid

Stocks are mixed, with the Dow and S&P lower and the Nasdaq barely above the flat line.

By MSN Money Partner Sep 19, 2013 1:29PM
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JPMorgan (JPM) agreed to pay $920 million and admitted fault for inadequate oversight related to its headline-making "London Whale" trading loss. Its shares were done a little over 1% in afternoon trading.

Agilent (A) announced plans to split into two publicly traded companies: one that will retain the Agilent name and focus on life sciences, diagnostics and applied markets, and another focused on electronic measurement products. Its shares, which were upgraded to "buy" at Janney Capital following the news, were up 4% near noon. 

Among the notable gainers Rite Aid (RAD), which rose over 17% after it reported an unexpected quarterly profit and raised its fiscal year outlook. 

Also higher were shares of Chinese electric vehicle maker Kandi Technologies (KNDI), which rallied 14% after the company announced that the Chinese government has instituted new electric vehicle subsidies. 

Among the noteworthy losers was Pier 1 Imports (PIR), which sank 11% after its second-quarter results missed expectations and the company lowered its fiscal year profit outlook. 

Also lower was L&L Energy (LLEN), which plunged 38% after being accused of fraud in a report published by an investor who disclosed a short-position in the stock. 
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