Midday movers: Hewlett-Packard, Zogenix

Stocks are higher as encouraging data from China offsets increased worries about Europe, fueled by the surprise resignation of Italy's prime minister.

By MSN Money Partner Dec 10, 2012 1:56PM
logoImage, Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

On the Dow, McDonald's (MCD) reported its global same-store sales rose 2.4% in November, driven mainly by strong results in the U.S. 

Shares rose about 1.3%, but could not catch up to Dow pacesetter Hewlett-Packard (HPQ), which jumped over 3.5% following speculation that activist investor Carl Icahn is building a stake, though CNBC's David Faber disputed those rumors.

Among the notable gainers was Uni-Pixel (UNXL), up 37% after rising over 18% Friday. The company said Friday it reached a deal for its technology to be used by "a large PC manufacturer" and this morning Craig-Hallum raised its price target on shares to $22 from $13. 

Also higher were shares of Intermec (IN), up 23% after agreeing to be acquired by Honeywell (HON) for $10 per share in cash. 

Among the noteworthy losers was Zogenix (ZGNX), down over 46% after an FDA advisory panel voted against recommending approval for its Zohydro ER pain drug. 

Also lower were shares of Deckers Outdoor (DECK), down more than 5% following cautious comments from Piper Jaffray regarding evidence of higher markdowns of UGG boots.
Tags: HONHPQMCD
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