Midday movers: J.C. Penney, SunPower

Stocks are lower as US economic growth is estimated to have picked up in the first quarter of the year, but not as much as expected.

By MSN Money Partner Apr 26, 2013 1:05PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

J.C. Penney (JCP) shares advanced 9% after influential investor George Soros disclosed a 7.91% passive stake in the company after the market close yesterday. 

Among the notable gainers following their earnings reports were LogMeIn (LOGM), which jumped 23%, and Qlik Technologies (QLIK), which rose 13%. 

Also higher was SunPower (SPWR), which advanced nearly 10% following an upgrade at RW Baird, which said it expects the company's upcoming analyst day to provide a catalyst for shares. 

Among the noteworthy losers following their earnings reports were PerkinElmer (PKI), which fell 12%, and Expedia (EXPE), down almost 10%. 
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