October 04, 2013 at 14:03 PM EDT
Markets Extend Gains At Midday

The markets continued to advance during the midday with the Dow gaining 69 points to 15,066. Nasdaq climbed 32 points to 3806.

On the upside

Renren (NYSE: RENN) rose again over continued speculation that Baidu (NYSE: BIDU) may buy the company.

Howard Weil lifted its price target on Penn Virginia (NYSE: PVA) from $10 to $12.

Stephen Mandel's Lone Pine Capital acquired a 5.3% stake in Pandora (NYSE: P).


On the downside


Shares of Taser (Nasdaq: TASR) continued falling after announcing price cuts yesterday.

The stock price of Cherry Hill Mortgage (NYSE: CHMI) fell on its first trading day.

Forest Oil (NYSE: FST) will sell its Texas Panhandle assets for $1 billion but analysts questioned the price as too low.

In the broad market, advancing issues outpaced decliners by a margin of 7 to 3 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 gained 10 points to 1689.

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