These are the headline-grabbing companies in midday trading.

Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell reported an adjusted profit margin of 70% per share which is 9 cents higher than the consensus Refinitiv estimates. Campbell’s full-year outlook was also raised and sales beat projections. Campbell reiterated its earnings forecast and stated that core inflation will be higher than it previously anticipated.

Ollie’s Bargain Outlet —The shares of the discount retailer saw a 5.9% increase despite a disappointing earnings report. Ollie’s reported earnings per share at 20 cents for the quarter. This was below the FactSet estimate by 30 cents. John Swygert, chief executive of Ollie’s, stated that the company is still not seeing the full benefits from consumers trading down under inflationary pressures.

Moderna —After a study that showed an improved version of its coronavirus vaccine, shares of the drug manufacturer rose by 4% produced a better immune response against the omicron variant. Moderna believes the vaccine will become available in the second half of summer.

Western Digital —After Western Digital announced a settlement, the technology stock dropped more than 1%. Elliott Management was an activist investor who had been trying to break up the company. Western Digital indicated that they are looking into strategic alternatives. This includes a possible division of flash memory or disk drive business.

Credit Suisse, State Street — Shares rose 2.2% after a reportState Street planned to bid for the Swiss bank in a hostile takeover. State Street shares dropped by around 2%

DocuSign —On the news that DocuSign was expanding its relationship with Microsoft, DocuSign’s stock rose 3.5%

Affirm — After the announcement, shares of the company that buys-now-pays-later fell by 2.1% Wedbush initiated Affirm with an underperform rating. Wedbush also cited increased competition in this space, slowing sales of ecommerce and increasing funding costs.

Altria Group —After the announcement, tobacco stocks fell by 5.6% Morgan Stanley downgraded Altria Groupto an underweight rating if they are equal in weight. Morgan Stanley indicated that they expect greater pressures to come from higher gas prices and lower consumer sentiment. This should impact cigarette volume and increase trade down risk.

Dutch Bros —After the collapse of shares in Starbucks, coffee chain’s stock fell 4.4% JPMorgan downgraded the stockto an overweight rating. JPMorgan stated that Dutch Bros was a discretionary event and can be used to cut back on tight times.

— CNBC’s Yun Li, Tanaya Macheel and Samantha Subin contributed reporting