Here are some of the more active stocks in Thursday afternoon trading, a day after sharp losses on Wall Street that followed the Federal Reserve’s latest interest-rate hike.Regeneron Pharmaceuticals Inc.’s REGN, +5.50% stock was climbing 7% in afternoon trading after the biotech company and partner Sanofi SA SNY, +6.07% SAN, +5.48% reported a positive late-stage study of their anti-inflammatory drug Dupixent for chronic obstructive pulmonary disease .
Accenture PLC ACN, +6.26% shares were rising nearly 8% after the management consultant reported forecast-beating profit and revenue, along with record bookings. Accenture plans to lay off 19,000 employees. Shares of Generation Bio Inc. GBIO, +30.15% were surging nearly 25% in afternoon action after the company announced it would collaborate with Moderna Inc. MRNA, -0.31% on the development of novel nucleic acid therapeutics.
General Mills Inc. GIS, +2.92% shares were heading 3% higher after the cereal maker upped the high end of its organic net sales forecast for the year.Coinbase Global Inc. COIN, -15.52% shares were declining 14% in afternoon activity after the crypto exchange disclosed a warning from the Securities and Exchange Commission that it may have broken securities laws. One analyst called the notice an “ominous” sign.
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