Midday movers: Apple, Pandora

Stocks are lower despite manufacturing readings at home and abroad that indicate expansion.

By MSN Money Partner Sep 23, 2013 1:36PM
copyright SuperStock, CorbislogoInformation provided by Theflyonthewall.com

 Apple (AAPL) shares rose about 3.5% after the company reported it sold 9 million new iPhone 5S and 5C units in their launch weekend, soundly beating the forecasts of most analysts. 

The company also said more than 200 million devices are now running its iOS 7 and that it expects revenue in its fourth quarter to come in near the high-end of its previously issued outlook of $34 billion to $37 billion. 

Among the notable gainers were several Apple suppliers, including RF Micro Devices (RFMD), which rose over 5%, and Cirrus Logic (CRUS), which advanced nearly 7%. 

Among the noteworthy losers was streaming Internet radio company Pandora (P), which dropped 11% after Apple said this morning that over 11 million unique listeners have tuned in to its iTunes Radio product since it launched. 

Also lower were shares of Sealed Air (SEE), which fell 5% following a downgrade at Barclays.  

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