Stocks making the biggest moves midday: DocuSign, Campbell, Moderna and more

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Check out the companies making headlines in midday trading.

Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell posted an adjusted profit of 70 cents per share, 9 cents above Refinitiv consensus estimates. Sales also beat forecasts and Campbell raised its full-year sales outlook. The company reiterated its prior earnings forecast, noting it now expects core inflation to run hotter than its previous outlook.

Ollie's Bargain Outlet — Shares of the discount retailer jumped 5.9% even after a disappointing earnings report. Ollie's posted earnings per share of 20 cents in the first quarter, missing a FactSet estimate of 30 cents. Chief Executive John Swygert said the company has not yet seen the full benefit of consumers trading down amid inflationary pressures.

Moderna — Shares of the drug maker advanced about 4% after a study showed that an upgraded version of the firm's coronavirus vaccine produced a better immune response against the omicron variant. Moderna expects the vaccine to get clearance in late summer.

Western Digital — The technology stock fell more than 1% after Western Digital said it reached a settlement with activist investor Elliott Management, which has been seeking a breakup of the company. Western Digital said it is reviewing strategic alternatives, including a possible split of its flash memory and disk drive businesses.

Credit Suisse, State Street — Shares rose 2.2% after a report that State Street was planning a takeover bid for the Swiss bank. State Street shares fell about 2%.

DocuSign — The electronic signature company's stock added 3.5% on news that DocuSign is expanding its partnership with Microsoft.

Affirm —