Stocks finished higher Wednesday as investors focused on an upcoming Labor Department report.
Here are some of the big movers in the stock market Wednesday:
1. SPI Energy | Increase 28%
Shares of solar energy and electric vehicle solutions provider SPI Energy (SPI) soared after the company's Phoenix Motorcars division started production on its third-generation drive-train products. The first three units were completed out of the company's Ontario, Calif., facility and are ready for delivery to customers.
2. Checkpoint Therapeutics | Increase 19%
Checkpoint Therapeutics (CKPT) jumped after B. Riley analyst Justin Walsh began coverage of the biotech company with a buy rating and an $18 price target. Walsh said Checkpoint's lead drug, cosibelimab, which treats solid tumors, could do well clinically and grow market share, helped by the company’s pricing strategy,
3. Aethlon Medical | Increase 388%
Aethlon Medical (AEMD) more than quintupled on Wednesday -- the intraday high was $12.49 -- after the Reddit investing crowd turned its attention to a device from the medical-technology company that showed promising results for two COVID-19 patients. Reddit users referenced a June 8 Zacks report about the Hemopurifier, which is designed to filter viruses and exosomes from the blood.
4. Clovis Oncology | Increase 11%
Clovis Oncology (CLVS) climbed as the biotech company joined the meme stock party. Bret Jensen, a regular contributor to Real Money Pro, TheStreet’s sister site for active traders, said last month that the company was a potential acquisition target.
5. World Wrestling Entertainment | Increase 11%
World Wrestling Entertainment (WWE) jumped the most in 13 months, apparently becoming the latest company to attract the attention of the WallStreetBets subreddit crowd. A trending post made the case for buying WWE stock options.