Stocks finished higher on Wednesday, with the Dow Jones Industrial Average closing at a record, after Federal Reserve Chairman Jerome Powell affirmed the central bank's support of the economy.
Here are some of the market's biggest gainers for Wednesday
1. Fisker | Percentage Increase 39%
Fisker (FSR) - Get Fisker Inc. Class A Report surged after the electric-car maker said it signed a deal to make a new vehicle with Taiwanese electronic contract manufacturer Foxconn. Under the arrangement, Foxconn will manufacture the vehicle at projected annual volumes of more than 250,000.
2. PRA Health Sciences | Percentage Increase 19%
PRA Health Sciences (PRAH) - Get PRA Health Sciences, Inc. Report climbed after agreeing to be acquired by drug and medical device maker ICON (ICLR) - Get ICON plc Report in a cash-and-stock transaction valued at about $12 billion. ICON shareholders will own about 66% of the combined company and PRA holders will own about 34%.
3. Upwork | Percentage Increase 3.5%
Shares of Upwork (UPWK) - Get Upwork Inc. Report rose after the online staffing platform reported better-than-expected fourth-quarter earnings and several analysts raised their price targets. Revenue totaled $106.2 million, up 32% from a year earlier and exceeding the FactSet consensus of $97.3 million.
4. R.R. Donnelley & Sons | Percentage Increase 32%
R.R. Donnelley & Sons (RRD) - Get R.R. Donnelley & Sons Company Report jumped after the commercial printing company offered encouraging revenue guidance, while beating Wall Street's fourth-quarter earnings forecasts. Net income jumped to $33.4 million, or 46 cents a share, from $3.6 million, or 6 cents, a year earlier.
5. Owens & Minor | Percentage Increase 29%
Owens & Minor (OMI) - Get Owens & Minor Inc. Report leaped after the medical-supplies maker topped analysts' fourth quarter expectations. The company posted profit of an adjusted $1.14 a share on revenue of $2.36 billion.