RH, Navistar: 5 Big Stock Gainers for Thursday

RH, Navistar, Virtusa, Penn National Gaming and SelectQuote are some of the top gainers for Thursday.
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Stocks finished down Thursday amid a disappointing U.S. jobless claims report and a failing tech stock rally.

The disappointing U.S. jobless claims report exposed weaknesses in a labor market recovery.

Here are some of the big movers in the stock market on Thursday:

1. RH | Percentage Increase 20%

RH  (RH) - Get Report shares on Thursday jumped following record second-quarter results from the Restoration Hardware parent as spending on home improvement has been strong during the pandemic. Revenue growth lagged demand by about 16 points due to coronavirus-prompted disruptions across its global supply chain. 

2. Navistar International | Percentage Increase 13%

Truck maker Navistar International  (NAV) - Get Report advanced after Volkswagen subsidiary Traton raised its bid to buy the company by roughly 23% to $3.6 billion. Traton said it would now pay $43 a share for the Navistar shares it doesn't already own, up from the bid of $35 a share proposed in January. 

3. Virtusa | Percentage Increase 24%

Virtusa  (VRTU) - Get Report shares jumped after the digital engineering and IT outsource company said it was being acquired by Baring Private Equity Asia for about $2 billion cash. Under the terms of the agreement, Baring PE Asia will acquire all of Virtusa's common shares for $51.35 each.

4. Penn National Gaming | Percentage Increase 7%

Shares of Penn National Gaming  (PENN) - Get Report were higher after the gambling company was initiated buy at Rosenblatt with a Wall Street high price target of $80 a share. The firm is bullish on Penn's acquisition of a 36% interest in popular sports news platform Barstool Sports and on the company's burgeoning sports betting business.

5. SelectQuote | Percentage Increase 11%

SelectQuote  (SLQT)  was climbing after the online insurance broker beat Wall Street's fourth-quarter earnings expectations. Revenue totaled $141.4 million, up 90% from a year earlier. For fiscal 2021 SelectQuote guided investors and analysts to revenue of $775 million to $815 million, which exceeded expectations.