Midday movers: Apple, Express, lululemon

Stocks are lower but off earlier lows as investors digest a batch of mixed domestic economic data.

By MSN Money Partner Jan 15, 2013 2:02PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Apple (AAPL) narrowly avoided closing below $500 yesterday, but has spent all of today's session below that level amid some conflicting analyst commentary. Research firm Nomura lowered its estimates and price target for Apple, while Sterne Agee, Jefferies and RW Baird all made positive comments.

Facebook (FB) shares rose about 1% ahead of its press event, scheduled for 1 pm ET, for an as yet unnamed product or feature it is building.

Radioshack (RSH) shares, which had initially moved higher after the company said it is terminating a mobile partnership with Target (TGT), slid over 3% near noon.

Among the notable gainers were Express (EXPR), up 22% after raising its Q4 and FY12 EPS views, and Santarus (SNTS), up over 9% after getting FDA approval for a drug and guiding to revenue above the Street's expectations. 

Among the noteworthy losers was lululemon (LULU), which slid more than 6% after providing disappointing revenue guidance. Also lower were U.S.-listed shares of Given Imaging (GIVN) which dropped over 11% after the company said it is no longer considering a sale or merger and that its controlling shareholder plans to seek and consider a sale of its stake. 
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