Midday movers: Micron, AMC Entertainment, Tupperware and more

By Liz Moyer

Investing.com -- Stocks were weighed down on Monday by fears of more Federal Reserve interest rate hikes after Friday's relatively strong report on jobs. Here are the market movers for April 10.

• Micron Technology Inc (NASDAQ: MU) shares rose 8% after chip-making rival Samsung (KS:005930) said it was cutting production to optimize its manufacturing operations. The announcement also boosted shares of storage device maker Western Digital (NASDAQ: WDC), up 7.6%.


• AMC Entertainment Holdings Inc (NYSE: AMC) shares jumped 7% after a better-than-expected box office sales weekend for the Super Mario Brothers Movie, by Comcast's (NASDAQ: CMCSA) Universal and Nintendo. Ticket sales were $377 million worldwide for the long holiday weekend, a sign families are going back to theaters. Other movie theater operators also benefited, including Cinemark Holdings Inc (NYSE: CNK), where shares rose 5.8%.


• Tupperware Brands Corporation (NYSE: TUP) shares tumbled 45% after the maker of reusable storage containers issued a warning it was working with advisors to improve its capital position and near-term liquidity. The company said the moves were to "remediate its doubts regarding its ability to continue as a going concern."


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  Pioneer Natural Resources Co (NYSE: PXD) shares jumped 5.9% after reports oil producer Exxon Mobil (NYSE: XOM) was considering a potential acquisition bid for the shale oil producer.

  
  


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  Apple Inc (NASDAQ: AAPL) shares fell 1.9% after market intelligence firm IDC issued a report that showed global shipments of traditional PCs fell 29% in the first quarter from a year earlier, with Apple's shipments falling more than peers.

  
  

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