Midday movers: Chevron, Starbucks

Stocks are lower despite a better-than-expected October jobs report.

By MSN Money Partner Nov 2, 2012 1:11PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Dow component Chevron (CVX) reported earnings and revenue that missed consensus estimates, sending shares down about 2%.

Among the notable gainers was Starbucks (SBUX), which rose 11% after it reported Q4 earnings and raised both its guidance and its dividend. 

Also higher were shares of TripAdvisor (TRIP), which surged over 20% after its quarterly results beat expectations on both the top and bottom lines. 

Among the noteworthy losers was Active Network (ACTV), down 44% amid at least five downgrades after the company reduced its 2012 guidance. 

Also lower were shares of Globus Medical (GMED), which slid 15% after its earning report, though Piper Jaffray recommended using the weakness in the stock as a buying opportunity.
Tags: CVXSBUXTRIP
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