(Updates to afternoon trading; adds China Technology, PrivateBancorp, Carter's) (For large-cap stocks on the move, click on [WATCH/US])

Oct 27 (Reuters) - Some small and midcap stocks on the move on Tuesday:

CHINA TECHNOLOGY DEVELOPMENT GROUP (CTDC.O: Quote, Profile, Research), $4.66, up 27 pct

The company said it has agreed to acquire a majority stake in an on-grid solar power business. [ID:nWNAB4833]

PRIVATEBANCORP INC (PVTB.O: Quote, Profile, Research), $9.91, down 17 pct

At least three brokerages cut their price targets after disappointing quarterly results. [ID:nBNG523644]

CARTER'S INC (CRI.N: Quote, Profile, Research), $21.28, down 25 pct

The company, which was scheduled to report third-quarter results on Tuesday, said it was delaying the release. [ID:nWNAB4936]

DRYSHIPS INC (DRYS.O: Quote, Profile, Research), $6.43, down 7 pct