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Midday movers: Facebook, Target, PetSmart & More

Rich Fisherman

Take a look at some of Wednesday's midday movers:

Brown-Forman (BF-B) - Shares rallied 4.8 percent after the maker of Jack Daniel's whiskey posted a 12 percent increase in third-quarter income and hiked its 2014 earnings outlook.

Facebook (FB) - The social-networking site gained 3.7 percent after Stifel Nicolaus raised its price target on the stock.

GameStop (GME) - The video-game retailer rose 3.2 percent after it increased its quarterly dividend 20 percent.

Exxon Mobi (XOM)l - The oil company declined 2.7 percent after it projected oil and natural gas production would hold flat in 2014.

Target (TGT)- Shares fell after the discount retailer said its chief information officer had resigned in the wake of the huge data breach late last year.

Chipotle Mexican Grill (CMG) - The restaurant chain lost ground after warning it could suspend guacamole from its menu.

RadioShack (RSH) - Shares of the electronic retailer fell after it said it would offer up to $1.5 million in retention bonuses to top executives.

PetSmart (PETM) - The retailer declined after it posted weaker-than-expected fourth-quarter earnings.

Eli Lilly (LLY) - Shares slide after the FDA declined to approve its experimental diabetes drug.

Hovnanian Enterprises (HOV) - Shares dropped after the homebuilder said its first-quarter loss widened.

Xoom (XOOM) - The provider of online money transfer fell after Evercore initiated coverage with an underweight rating.

Ocwen Financial (OCN) - Shares fell after the Wall Street Journal reported the company would provide documents to New York regulators next week.

Nationstar Mortgage Holdings (NSM)- Shares dropped after New York's top banking regulator raised questions about the mortgage firm.

(Read More: See CNBC's Market Insider Blog )

-By CNBC's Rich Fisherman.

Questions? Comments? Email us at marketinsider@cnbc.com