Stocks ended mixed Wednesday as the Dow Jones Industrial Average closed at a record high.
Here are five top stock gainers for Wednesday:
1. Sundial Growers | Percentage Increase 79%
Sundial Growers (SNDL) and other cannabis companies were surging amid strong financial results, new agreements, improving prospects for legalization, and attention from the online messaging platform Reddit.
2. Under Armour | Percentage Increase 8.4%
Under Armour (UAA) shares jumped after the sports-apparel maker swung to an adjusted profit and topped analysts' fourth-quarter estimates. The company reported net income of $184.5 million, or an adjusted 12 cents a share, against a loss of $15.3 million, or an adjusted 3 cents, a year earlier.
3. Atlas Crest Investment | Percentage Increase 22%
Shares of Atlas Crest Investment ACIC were rising after Archer, a developer of all-electric take-off and landing aircraft, announced a merger with the special purpose acquisition company. Archer will be listed on the NYSE with the ticker symbol ACHR.
4. TreeHouse Foods | Percentage Increase 19%
TreeHouse Foods (THS) leaped after activist investor Jana Partners reportedly called on the private-label-foods producer to launch a strategic review, including exploring a potential sale. Talks between the parties are constructive and ongoing, Bloomberg reported, citing people who asked not to be identified.
5. NIC | Percentage Increase 16%
NIC (EGOV) shares were higher after Tyler Technologies (TYL) offered to buy the digital government services company for about $2.3 billion in an all-cash deal. Under the terms, approved by both companies' boards, NIC holders will receive $34 cash for each of their shares.