Midday movers: Johnson & Johnson, Conagra, FedEx and more
By Liz Moyer
Midday movers: Johnson & Johnson, Conagra, FedEx and more
By Liz Moyer
Investing.com -- Stocks were mixed on Wednesday after another economic report, this one on private payrolls, came in weaker than expected, stoking concerns about a recession. Here are the midday movers for April 5.
Johnson&Johnson (NYSE:JNJ) shares rose 3.6% after the pharmaceutical maker raised its proposed settlement offer for talc claims to $8.9 billion from $2B. It refiled for bankruptcy for the unit it created to hold the claims. ConAgra Foods Inc (NYSE:CAG) shares rose 3.3% after the packaged food manager of brands such as Reddi Wip and Slim Jim beat expectations in the fiscal third quarter and raised its full-year outlook.
FedEx Corporation (NYSE:FDX) shares rose 1.3% after it announced plans to raise its dividend and also said it would consolidate its businesses into one unit for greater efficiency.
Bed Bath&Beyond Inc (NASDAQ:BBBY) shares fell 6% after the struggling home goods retailer penned a vendor consignment program that is aimed at helping it stock its shelves.
NVIDIA Corporation (NASDAQ:NVDA) shares fell after Alphabet's (NASDAQ:GOOGL) Google offered details about an artificial intelligence supercomputer, calling it faster and more efficient than Nvidia's offerings.
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