Midday movers: Time Warner Cable, Apple, Ebix

Stocks are mixed as investors appear content to sit on the sidelines on the eve of Election Day.

By MSN Money Partner Nov 5, 2012 1:59PM
 Stock market copyright ComstocklogoInformation provided by Theflyonthewall.com

In addition to reporting mixed quarterly results, Humana (HUM) announced the acquisition of Metropolitan Health Networks (MDF) for $11.25 per share in cash, plus the repayment of all of Metropolitan's outstanding debt. 

Shares of Metro Health rose 2.7% to $11.14, while Humana, which also acquired privately held Certify Data Systems for an undisclosed amount, fell about 0.25%.

Among other S&P 500 companies reporting earnings before the bell, IntercontinentalExchange (ICE) and Tesla (TSLA) advanced, while Time Warner Cable (TWC) declined.

Apple (AAPL) shares rose a bit over 1% after the company announced 3M iPads were sold in the three days since the iPad mini and fourth generation iPad were launched, but the company did not provide a break down of how the sales were split between the new, smaller version and the updated, larger one.

Among the notable gainers was BioMarin Pharmaceutical (BMRN), which jumped 31% after reporting that its trial for a treatment of a rare lysosomal storage disorder achieved its primary endpoint. 

Also higher were shares of Nam Tai Electronics (NTE), up 37% after reporting its Q3 earning per share rose to 54c from 2c per share in the comparable quarter of last year. 

Among the noteworthy losers was Ebix (EBIX), which plummeted 20% after Bloomberg reported the SEC is probing the company's accounting practices, though the news service added that the company's CEO denied any knowledge of such an investigation if one exists. 

Also lower were shares of Pharmacyclics (PCYC), down 13% after the company reported that one of its drugs had fallen short of targets in a preliminary trial and that a number of its employees would be selling shares soon.
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