Stocks staged a comeback Wednesday, ending higher on news of a possible short-term agreement to raise the debt ceiling and avoid a default.
Here are some of the market's biggest gainers for Wednesday:
1. Marvell Technology | Increase 7.3%
Marvell Technology (MRVL) shares advanced after the semiconductor company forecast long-term sales growth of 15% to 20% up from earlier guidance of 10% to 15%. The company also completed its acquisition of Innovium, a provider of networking solutions for cloud and edge data centers.
2. Voyager Therapeutics | Increase 56%
Shares of Voyager Therapeutics (VYGR) soared after the gene-therapy company unveiled an agreement with Pfizer (PFE) that could be valued at $630 million. Under the agreement, Pfizer can exercise options to license novel capsids generated from Voyager's RNA-driven Tracer screener technology.
3. Roku | Increase 5.6%
Roku (ROKU) shares advanced after the video-streaming device maker announced the results of a survey that found 4 in 5 Canadians classifying themselves as TV streamers, compared with three in four who pay for traditional TV. In addition, Variety reported that a survey found British streamer audiences have outnumbered traditional pay-TV viewers for the first time
4. Acuity Brands | Increase 11%
Acuity Brands (AYI) shares jumped after the lighting company beat Wall Street's fourth-quarter earnings expectations. Net sales totaled $992.7 million, up 11.4% from a year ago. Adjusted earnings came to $3.27 a share, up 39.1% from a year ago. Net sales for the year totaled $3.5 billion, up 4% from a year ago.
5. Riot Blockchain | Increase 1%
Shares of Riot Blockchain (RIOT) climbed after the bitcoin mining company said that in September it produced 406 BTC, up 346%. Year-to-date through September, the company produced a total of 2,457 BTC, up 236% over the same period in 2020. As of Sept. 30, the company said, Riot held about 3,534 BTC, all of which were produced by its self-mining operations.