Stocks finished mixed Wednesday amid a series of corporate earnings reports and the continued slowdown of the retail stock buying frenzy.
Here are some of the market's biggest gainers for Wednesday:
1. GW Pharmaceuticals | Percentage Increase %
GW Pharmaceuticals (GWPH) - Get GW Pharmaceuticals PLC Sponsored ADR Report jumped after Jazz Pharmaceuticals (JAZZ) - Get Jazz Pharmaceuticals Plc Report agreed to acquire the company in a deal valued at $7.2 billion. The transaction, which has been approved by the boards of both companies, is expected to close in the second quarter.
2. Kohl's | Percentage Increase 7.6%
Kohl's (KSS) - Get Kohl's Corporation (KSS) Report jumped after analysts at Cowen upgraded the department-store chain to outperform from market perform and raised its stock-price target by a third, citing its moves to attract younger shoppers. The firm raised its target on the Menomonee Falls, Wis., retailer to $52 a share from $39.
3. Sony | Percentage Increase 12%
Sony (SNE) - Get SONY GROUP CORPORATION SPONSORED ADR Report surged after beating Wall Street's third-quarter expectations. The company added 1.5 million PlayStation Plus subscribers, taking it to 47.4 million, and sold 4.1 million copies of its Spider-Man game. Sony also raised its outlook for the full fiscal year.
4. Nomura Holdings | Percentage Increase 7.9%
Shares of Nomura Holdings (NMR) - Get Nomura Holdings, Inc. Sponsored ADR Report rose after Japan’s biggest brokerage and investment bank reported its best third-quarter profit since 2005. October-December net income jumped 72% from a year earlier to $937 million. The wholesale business unit's pretax profit rose 78%.
5. Overstock.com | Percentage Increase 17%
Overstock.com (OSTK) - Get Overstock.com, Inc. Report shares climbed after tZero, a subsidiary of the online retailer's Medici Ventures, signed a technology integration agreement with Vertalo, a digital transfer agent. Following the integration, Vertalo’s technology will be interoperable with tZero’s technology stack.