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Take a look at some of Tuesday's morning movers:
J.C. Penney - Hedge fund manager Bill Ackman tells CNBC's "Squawk Box" that the retailer's recently reported first-quarter sales plunge represented a bottom, and that CEO Ron Johnson is following the right strategy to revamp the chain's image and attract new customers. Ackman's Pershing Square is Penney's largest shareholder.
Vertex Pharmaceuticals - The drugmaker's stock is under pressure after it corrected data involving a trial of its cystic fibrosis treatment. The correction lowers the number of patients showing improved lung function.
Chesapeake Energy - Investor Carl Icahn has taken a 7.6 percent stake in the energy producer. Icahn is calling for at least four of the company’s board members to be replaced. Chesapeake says it agrees with Icahn that its stock is substantially undervalued and that it will “carefully review” his letter to the company.
Facebook - Facebook is in talks to buy Norway’s Opera Software, according to a Reuters report. Opera is the maker of a popular web browser, but is said to be in Facebook’s sights because of its advanced mobile phone software technology.
Dollar Tree - The retailer has announced a two-for-one stock split in the form of a 100 percent common stock dividend. It will be payable June 26 to shareholders of record as of June 12.
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