Stocks finished higher Wednesday as Walt Disney (DIS) - Get Walt Disney Company Report posted a modest profit despite the coronavirus pandemic and Johnson & Johnson (JNJ) - Get Johnson & Johnson (JNJ) Report reached an agreement with the U.S. on a potential coronavirus vaccine. The Nasdaq finished at a record.
Here are some of the market's biggest gainers for Wednesday:
1. Novavax | Percentage Increase Over 8%
2. Fiverr | Percentage Increase Over 17%
Fiverr (FVRR) - Get Fiverr International Ltd. Report was climbing after the online marketplace beat Wall Street's second-quarter earnings and revenue estimates. Revenue grew 82% year-over-year, the company said, "with strong execution across product, marketing and operation during the global pandemic."
3. Horizon Therapeutics | Percentage Increase Over 23%
Horizon Therapeutics (HZNP) - Get Horizon Therapeutics Public Limited Company Report surged after the biopharmaceutical company reported better-than-expected second-quarter financial results Wednesday. Sales jumped 44% year over year to $462.8 million, the company said.
4.Overstock.com | Percentage Increase Over 13%
Overstock.com (OSTK) - Get Overstock.com, Inc. Report was higher Wednesday. The online retailer recently beat Wall Street second-quarter earnings expectations, with net revenue doubling to $783 million and the number of new customers more than tripling year over year.
5. Emergent BioSolutions | Percentage Increase Over 9%
Emergent BioSolutions (EBS) - Get Emergent BioSolutions Inc. Report finished higher after Moody's Investors Service assigned a Ba2 corporate family rating to the life sciences company. Moody's anticipates "steady ongoing growth in Emergent's anthrax and smallpox vaccines supplied to the US Strategic National Stockpile." Coronavirus vaccine manufacturing contracts with companies like Johnson & Johnson (JNJ) - Get Johnson & Johnson (JNJ) Report and AstraZeneca PLC (AZN) - Get Astrazeneca PLC Sponsored ADR Report, and the US government will bolster Emergent's contract development and manufacturing organization business, Moody's said.