Midday movers: Apple, Tyson Foods

Stocks are lower despite reports showing service industries in the US and China expanded in July.

By MSN Money Partner Aug 5, 2013 12:52PM
copyright SuperStock, CorbislogoInformation provided by Theflyonthewall.com

Apple (AAPL) rose about 1% after the White House intervened Saturday to reverse an International Trade Commission decision to ban the import of older iPhones and iPads. The ITC had said earlier that some of the models infringed on a Samsung (SSNLF) patent and ruled to impose a ban that, barring the veto, would have taken effect Monday. 

Among the notable gainers Theragenics (TGX), which rose over 8% after agreeing to be acquired by Juniper Investment for $2.20 per share. Also rising to hit a new 52-week high were shares of Tyson Foods (TSN), which advanced 4% after its third quarter earnings beat estimates and it forecast better than expected full-year revenue. 

Among the noteworthy losers was GSE Holdings (GSE), which plunged 35% after it warned in a regulatory filing late Friday that the company continued to experience a difficult and slow European market, as well as softer demand in other areas in the second quarter, which should lead its financial results for the period to be "substantially below" the prior year. 

Also lower were shares of Fossil (FOSL), which slid over 4% after being downgraded to Underweight from Equal Weight at Barclays this morning. 
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