Midday movers: Facebook, Sanderson Farms, LeCroy

Stocks are still higher near midday, but well off their best levels of the session.

By MSN Money Partner May 29, 2012 12:59PM
Information provided by Theflyonthewall.com

Facebook (FB) shares fell below $30, down 7.8% to $29.42, as options trading on the stock began. 

Among the notable market gainers Tuesday are LeCroy Corporation (LCRY), up 55%, after agreeing to be acquired by Teledyne Technologies (TDY) for $14.30 per share, and Interline Brands (IBI), up about 40%, on news it will be acquired by affiliates of GS Capital Partners and P2 Capital Partners for $25.50 per share. 

Noteworthy losers include Vertex (VRTX), which is off about 15% after the company downwardly revised data from a trial of its VX-809 drug for cystic fibrosis, and Sanderson Farms (SAFM), down over 6%, in spite of earnings and revenue that beat consensus, as the company said profitability continues to be hurt by relatively high feed costs and that it expects grain prices to remain high and volatile.



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