Apple (AAPL), which lost more than 3% yesterday, traded up as much as 2.2% in morning trading before giving up some ground; it’s currently up about 1%. The company defended its tax practices after they were highlighted by the New York Times; however, it was overtaken by Samsung (005930KS) in the world smartphone market (it now sits at No. 2 in the global rankings) and a long-time insider sold nearly $39 million in stock on Friday, recent filings showed.
Elsewhere, ADP (ADP) was falling in recent trading despite making headway earlier on a solid earnings report. Expedia (EXPE) was tumbling on an analyst downgrade that noted the stock could take a 20% haircut.