Snap, WD-40: 5 Top Stock Gainers for Wednesday

Astrotech, WD-40, Snap, PNM Resources and Ericsson are some of the top stock gainers for Wednesday.
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Stocks finished lower Wednesday as talks for a coronavirus stimulus package continued in Washington.

Here are some of the top gainers for Wednesday.

1. Astrotech | Percentage Increase 59%

Astrotech  (ASTC) - Get Report leaped after the tech developer said its BreathTech subsidiary had signed an agreement with the Cleveland Clinic to develop a rapid breath test for the coronavirus.  

2. WD-40 | Percentage Increase 19%

WD-40  (WDFC) - Get Report rose after the maker of multiuse oil products reported better-than-expected fourth-quarter earnings. The company cited a trend it called "isolation renovation," in which consumers are doing more improvements because they are spending more time at home due to the pandemic.

3. Snap | Percentage Increase 28%

Snap  (SNAP) - Get Report shares soared to an all-time high after the instant messaging app maker posted a surprise third-quarter profit on surging user and revenue growth. Daily active users on its Snapchat platform rose 18% from the year-earlier period to 249 million.

4. PNM Resources | Percentage Increase 9%

PNM Resources  (PNM) - Get Report jumped after the power and utility company said it cut a deal to be bought by Spanish utility giant Iberdrola for $4.3 billion, making Iberdrola’s Avangrid business the third-largest renewable energy operator in the U.S. The deal is expected to close by the end of the year, the companies said.

5. Ericsson | Percentage Increase 12%

Ericsson  (ERIC) - Get Report climbed after the Swedish telecom beat Wall Street's third-quarter sales and earnings expectations. Sales were driven mainly by 5G sales in China. The company it has not seen a negative impact from covid-19 on its business, largely due to footprint gains, but sales in Latin America and Africa have suffered.