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5 Top Stock Gainers for Wednesday: Dick's Sporting Goods, Okta, BioLife

Dick's Sporting Goods, Okta, BioLife Solutions, Locust Walk Acquisition and ScanSource are five of the top stock gainers for Wednesday.

Stocks closed at record levels again Wednesday as investors looked ahead to a Federal Reserve gathering at the end of the week.

Here are some of the market's biggest gainers for Wednesday:

1. Dick's Sporting Goods | Increase 13%

Dick's Sporting Goods  (DKS) - Get Dick's Sporting Goods, Inc. Report shares jumped after the retailer’s fiscal-second-quarter earnings came in above expectations and it raised guidance. The company is benefiting from the surge in exercise and outdoor activity that has accompanied the easing of the pandemic.

2. Okta | Increase 5.3%

Okta  (OKTA) - Get Okta, Inc. Class A Report jumped after Raymond James analyst Adam Tindle declared "this fallen angel is finding its wings" and upgraded shares of the identity-verification company to strong buy from outperform. He boosted his price target to $310 from $300. 

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3. BioLife Solutions | Increase 20%

Shares of BioLife Solutions  (BLFS) - Get BioLife Solutions, Inc. Report climbed after the medical instruments and supplies company said it was being added to the S&P SmallCap 600 Index, effective Aug. 30. BioLife is replacing the truck company Saia  (SAIA) - Get Saia, Inc. Report

4. Locust Walk Acquisition | Increase 94%

Locust Walk Acquisition  (LWAC) - Get Locust Walk Acquisition Corp. Class A Report shares on Wednesday as much as more than tripled after the special purpose acquisition company said its holders approved all proposals related the merger with Effector Therapeutics. The deal is expected to close on Wednesday. 

5. ScanSource | Increase 15%

ScanSource  (SCSC) - Get ScanSource, Inc. Report advanced after the electronic-products company beat Wall Street's fourth-quarter earnings and revenue expectations. Net sales came to $852.7 million, up 34% year-over-year. ScanSource also unveiled a new $100 million buyback authorization.