Coinbase 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.
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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