Stocks were finished lower Wednesday as investors awaited a policy update from the Federal Reserve.
Here are some of the market's biggest gainers for Wednesday:
1. Kindred Biosciences | Increase 46%
Elanco will pay $9.25 a share, a premium of 52% over Kindred's 30-day average.
2. SoFi Technologies | Increase 5%
SoFi Technologies (SOFI) - Get Report advanced after Rosenblatt Securities analyst Sean Horgan initiated coverage of the consumer-focused financial-services platform with a buy rating and $30 price target.
Horgan said challenger banks like SoFi command a powerful cost advantage over incumbents.
3. Centene | Increase 3.7%
The company affirmed its full-year 2021 adjusted-earnings estimate of $5.05 to $5.35 a share. The FactSet consensus calls for earnings of $5.23 a share.
4. Rambus | Increase 8.2%
Rambus (RMBS) - Get Report climbed after the Silicon Valley chip designer said it had initiated an accelerated program to buy back about $100 million of its common stock. The move is part of a 20-million-share buyback the board authorized in October.
5. Sunrun | Increase 11%
Byrd views the stock "as the most compelling overweight among our clean energy stock coverage."
He was "especially positive" about the agreement between Sunrun and Ford (F) - Get Report, where the company became the home charging and integration systems provider for Ford's electric pickup truck, the F-150 Lightning.