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%
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.