Midday movers: Lennar, Carnival Cruise

Stocks are higher as the S&P 500 looks to snap its three day losing streak.

By MSN Money Partner Sep 24, 2013 1:14PM
SuperStock, CorbislogoInformation provided by Theflyonthewall.com

In addition to Case-Shiller's report on home prices, which rose 12.4% in 20 cities from last July, housing was in focus as two homebuilders reported on their quarterly results. KB Home (KBH) and Lennar (LEN) both reported earnings per share that beat consensus expectations and shares of both advanced about 5% in midday trading. 

Among the notable gainers was Greenway Medical (GWAY), which gained more than 18% after agreeing to be taken private by Vitera Healthcare Solutions in a deal valued at $644M, or $20.35 per Greenway share. 

Also higher was Applied Materials (AMAT), which rose over 7% after agreeing to merge with Tokyo Electron in a deal that will see Applied Materials' shareholders own about two-thirds of the new combined company. 

Among the noteworthy losers was Cypress Semiconductor (CY), which tumbled 13% after the company lowered its third quarter outlook. 

Also lower were shares of cruise company Carnival (CCL), which declined about 7% after the company's fourth-quarter earnings forecast fell shy of analysts' consensus estimate. 
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