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.


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  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.


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  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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