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Take a look at some of Monday's midday movers:
Groupon - Shares surged almost 20 percent as traders scrambled to close bearish bets ahead of first-quarter results from the largest daily-deal company, due after the closing bell Monday.
The gains are driven by "short covering and anticipation that the results are not going to be terrible," said Jeff Houston, an analyst at Barrington Research.
"This should be the first quarter that they report a profit, on a pro forma basis," he added. "If that happens, it will be an important milestone for Groupon."
Ancestry.com - NBC decided not to renew the company’s TV show for a fourth season. Ancestry.com sponsors the American version of the popular British series "Who Do You Think You Are."
ExxonMobil ,Chevron ,Royal Dutch Shell ,BP - Shares of the major oil companies slumped as oil continued to selloff amid global economic worries. Brent is heading for its lowest close since January and WTI at its lowest level since last December.
Freeport McMoran ,Newmont Mining ,Goldcorp ,AngloGold ,HarmonyGold - Gold miners were also under pressure as gold prices turned negative for 2012 . Southern Copper also fell as copper hit a 4-month low.
Heinz - The stock was trading at levels not seen since November 1998.
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