Midday movers: AIG, Krispy Kreme

Stocks are mixed and, barring a collapse in the later hours of the session, the Dow and S&P 500 are on track to gain about 3% and the Nasdaq around 5% for the month of May.

By MSN Money Partner May 31, 2013 2:26PM
Wall Street sign copyright Corbis, SuperStockAmerican International Group (AIG) slid over 2.5% lower after the company disclosed that a Chinese group that has agreed to buy up to 90% of International Lease Finance Corporation common stock missed a deposit deadline. AIG has previously said asset sales will be key to funding its capital return plans, potentially including share buybacks. 

Among the notable gainers following their earnings reports and better-than-expected guidance were OmniVision (OVTI), which rose 18%, and Krispy Kreme (KKD), which gained 17%. 

Among the noteworthy losers following its own earnings report was Palo Alto Networks (PANW), which retreated 10% after its third-quarter revenue missed the Street view and its fourth-quarter earnings per share outlook fell below expectations. 

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