Midday Movers: Biogen, Apple, DocuSign and More

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Midday Movers: Biogen, Apple, DocuSign and More
Credit: © Reuters.

By Liz Moyer

Investing.com -- U.S. stocks rose after the Bank of England stepped in to stabilize the British pound. Here are the midday movers for Sept. 28:

  • Biogen Inc (NASDAQ: BIIB ) shares jumped 37% after its drug making partner Eisai Co (OTC: ESALY )., Ltd. (TYO: 4523 ) reported a successful late-stage trial of their Alzheimer's drug, saying it reduced cognitive decline by 27% in patients. Eisai's shares jumped 62%. Eli Lilly and Company (NYSE: LLY ), which is also working on a treatment, rose 8%.
  • Apple Inc (NASDAQ: AAPL ) shares fell 2.3% after a report it decided not to increase the production of its newest iPhone but hold to earlier production levels.
  • DocuSign Inc (NASDAQ: DOCU )shares rose 4.7% after the electronic signature company said it was cutting 9% of its workers, eyeing a $40 million charge for restructuring.
  • VF Corporation (NYSE: VFC ) shares fell 3% after it cut guidance, citing lower sales of its Vans casual shoes and North Face apparel.
  • Thor Industries Inc (NYSE: THO ) shares rose 3.7% after the RV maker beat fourth quarter expectations. It did see demand could be an issue going forward after a pandemic craze for buying RVs.

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