Stocks finished down Wednesday following a report that showed the U.S. private sector added jobs in February at a weaker-than-expected pace.
Here are some of the market's biggest gainers for Wednesday:
1. Michaels Cos. | Increase 22%
2. Alcoa | Increase 12%
Chieng said concern about Alcoa's weaker free cash flow generation relative to peers was broadly alleviated.
3. Horizon Acquisition | Increase 12%
Horizon Acquisition HZON advanced following a Bloomberg report that the special purpose acquisition company was in talks to take Swiss gambling data company Sportradar public.
Sportradar's backers includes Michael Jordan and Mark Cuban. The company has relationships with the NFL, NBA, NHL, MLB and other sports organizations.
4. KemPharm | Increase 43%
KemPharm (KMPH) - Get KemPharm Inc Report rose after the Food and Drug Administration cleared the pharmaceutical company's treatment for attention deficit hyperactivity disorder in patients age 6 and older.
The treatment, Azstarys, is a once-daily product for the treatment of ADHD.
5. Ovid Therapeutics | Increase 36%
Shares of Ovid Therapeutics (OVID) - Get Ovid Therapeutics Inc. Report surged after Takeda Pharmaceutical (TAK) - Get Takeda Pharmaceutical Company Limited American Depositary Shares (each representing 1/2 of a share of) Report said it would spend as much as $856 million to secure global rights from the biopharma to an experimental drug being developed to treat rare epilepsy.