Midday movers: Verizon, Travelers, AmEx

Stocks are mixed as investors pore over quarterly earnings, jobless claims, manufacturing data and leading economic indicators.

By MSN Money Partner Oct 18, 2012 1:04PM
logoWall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Among Dow components reporting after the bell Wednesday night and before Thursday's open, Verizon (VZ) and Travelers (TRV) both advanced over 3%, while American Express (AXP) was the worst-performing member, sliding over 2% after its report.

Morgan Stanley (MS) reported better adjusted earnings and revenue than analysts expected, though its results were clouded by charges related to its debt valuation adjustment,  as well as its newly implemented model for evaluating its value-at-risk.

Among the notable gainers was Orient-Express Hotels (OEH), up over 25% after Indian Hotels offered $12.63 per share for the Orient-Express stock it does not already own. 

Also higher were shares of Given Imaging (GIVN), up 18% after saying it is exploring strategic alternatives, including a possible merger or sale. 

Among the noteworthy losers were Align Technology (ALGN), down 24% following its weaker-than-expected preliminary Q3 results and Q4 guidance, and Mellanox (MLNX), down 21% as Deutsche Bank and Credit Suisse brought down their price targets on shares after the company guided for a sequential decline in Q4 revenue.
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