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Take a look at some of Thursday's midday movers:
Facebook continued to fall after S&P reiterated a "sell" rating on the firm and lowered its price target and cut its earnings estimate on the social media company.
Lockheed Martin gained after the defense contractor said the government’s increasing set of demands for more information was doing more harm than good by adding costs to its facilities. Meanwhile, the two sides remain far apart on a fifth production deal for F-35 fighter planes.
Dollar Thrifty moved higher on continued rumors it will be bought by Hertz . But CNBC’s Kayla Tausche reported that no deal will happen in the next two weeks as regulatory details are worked out.
Netflix fell after B of A/Merrill said it expects another year of pain from the company. It lowered its bottom line estimates in 2012 and beyond.
JPMorgan CEO Jamie Dimon will testify before the Senate Banking Committee on June 13th. Shares were trading slightly lower.
John Malone’s Liberty Media dropped after it filed a petition with U.S. regulators seeking to take control of Sirius XM Radio .
Gaylord Entertainment moved higher on word it will sell the Gaylord hotels brand and the rights to manage four hotels to Marriott International for $210 million in cash.
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