Midday movers: Wal-Mart, Facebook, DreamWorks

Stocks are down, giving back some of the 4% advance seen last week by both the S&P and Nasdaq.

By MSN Money Partner Nov 26, 2012 2:34PM
Image, Wall Street sign copyright Corbis, SuperStockMcGraw-Hill (MHP) confirmed it reached a deal to sell its education business to Apollo Global Management (APO) for $2.5 billion. McGraw-Hill, which said it will be renamed McGraw Hill Financial after the sale closes, saw its shares rise about 2% after trading resumed following the deal announcement.  

A number of major retailers, including Wal-Mart (WMT), Target (TGT) and Macy's (M), traded lower despite estimates from the National Retail Federation that consumer spending over the Thanksgiving weekend increased 13% from a year ago. 

Two tech names benefited from some positive analyst commentary as Facebook (FB) shares rose nearly 8% after Bernstein upgraded the stock to "outperform" and BTIG raised its rating on the name to "neutral." 

Also, Yahoo (YHOO) was upgraded to "conviction buy" from "buy" at Goldman and shares responded by advancing about 1%. 

Among the notable gainers were Anadigics (ANAD), up 17% following an upgrade to "buy" at Needham, and Zhongpin (HOGS), up 15% after agreeing to "go private" for a $13.50 per share. Among the noteworthy losers was Aeropostale (ARO), which slid almost 7% following a downgrade to "neutral" at Janney Capital. 

Also lower were shares of DreamWorks (DWA), down over 5% after the stock was downgraded at Caris and Goldman said its estimates could be at risk due to the box office under-performance of "Rise of the Guardians."
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