Midday movers: General Motors, Yelp, Aurizon Mines

Stocks have advanced throughout the day, recapturing much of Wednesday's losses.

By MSN Money Partner May 2, 2013 2:10PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Intel (INTC) announced that its COO, Brian Krzanich, would become CEO of the company, but the choice failed to give shares a boost, as Intel's stock was virtually unchanged from yesterday's closing level near noon.

Dutch banking group ING (ING) sold 25% of its stake in ING U.S. (VOYA) through an initial public offering on the New York Stock Exchange and the parent company affirmed its plan to shed the rest of its stake by 2016.

General Motors (GM) rose nearly 5% after reporting its global market share grew in the first quarter and the company's earnings beat expectations. 

Among the notable gainers following their earnings reports were Yelp (YELP), which rose 24%, Monster Worldwide (MWW), which gained 11%, and Visa (V), up 6%. 

Among the noteworthy losers was Aurizon Mines (AZK), which fell 10% before its shares trading in New York and Toronto were halted, pending news. The company had not issued a press release as of noon, but Canadian press reports indicated a dam at one of its mines broke, causing a waste leak. 

Also, shares of NII Holdings (NIHD) initially moved higher after reporting wider than expected first quarter losses and naming a new CEO, but reversed to be down 8% at midday.  
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