Midday movers: Citigroup, BlackRock

Stocks are higher following better-than-expected monthly housing report and lower-than-expected weekly jobless claims.

By MSN Money Partner Jan 17, 2013 2:18PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Boeing (BA) was front and center in yet another trading session after the FAA grounded the 787 Dreamliner and regulators around the world followed suit. 

Shares of the Dow component were virtually unchanged in afternoon trading in spite of the news.

Citigroup (C) missed earnings expectations, leading to a 2.9% decline in its stock, while Bank of America (BAC) slid over 3.7% in spite of its earnings narrowly beating consensus. 

One financial name bucking the sector's trend, however, was BlackRock (BLK), which advanced 4.2% after its results beat expectations and the company increased its dividend.

Among the notable gainers were K-Swiss (KSWS), up 48% after agreeing to be acquired for $4.75 cash per share, and CBS (CBS), up 10% after announcing plans to convert its U.S. outdoor advertising business to a REIT. 

Also higher were shares of Nu Skin (NUS), which rose nearly 10% after giving better-than-expected guidance and are now up almost 3% since the day that Bill Ackman revealed his short thesis in multi-level marketing peer Herbalife (HLF). 

Among the noteworthy losers were Celsion (CLSN), down almost 9% following a downgrade to "sell" at Brean Capital, and Power-One (PWER), down over 7% after lowering its revenue view. 

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