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Allscripts Healthcare, Concho Resources: 5 Top Stock Gainers for Wednesday

Allscripts, AnaptysBio, Concho Resources, Voxx International and Nio are five top stock gainers for Wednesday.

Stocks ended lower after Treasury Secretary Steven Mnuchin said reaching an agreement on a coronavirus stimulus package before Election Day would be difficult.

Here are some of the top stock gainers for Wednesday.

1. Allscripts Healthcare | Percentage Increase 31%

Allscripts Healthcare  (MDRX) - Get Allscripts Healthcare Solutions, Inc. Report shares jumped after the health information services company said it definitively agreed to sell its CarePort Health business to WellSky for $1.35 billion. The sale price reflects a 13-times multiple of CarePort's trailing-12-month revenue. 

2. AnaptysBio | Percentage Increase 15%

AnaptysBio  (ANAB) - Get AnaptysBio, Inc. Report  climbed after announcing top-line data from an interim analysis of its Phase 2 clinical trial of imsidolimab for generalized pustular psoriasis. Truist analyst Joon Lee raised his price target on the shares to $20 from $16 while affirming a buy rating and Guggenheim's Yatin Suneja upgraded AnaptysBio to buy from neutral with a $36 price target.

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3. Concho Resources | Percentage Increase 10%

Concho Resources  (CXO) - Get Concho Resources Inc. Report jumped after Bloomberg reported the independent oil and gas company was in talks to be acquired by rival ConocoPhillips  (COP) - Get ConocoPhillips Report. The companies may announce a deal in the next few weeks. No final decision has been made and talks could fall through.

4. Voxx International | Percentage Increase 31%

VOXX International  (VOXX) - Get VOXX International Corporation Class A Report leaped after the consumer electronics company reported second-quarter revenue of $128 million, up from $90.2 million a year earlier. Chief Executive Pat Lavelle said that "we had a strong second quarter, both in terms of sales and profitability and our outlook looks promising."

5. Nio | Percentage Increase 23%

Nio  (NIO) - Get NIO Inc. Sponsored ADR Class A Report shares jumped after J.P. Morgan analyst Nick Lai upgraded the Chinese electric-vehicle maker to overweight from neutral and nearly tripled his share-price target to a Wall-Street-high $40 from $14. Nio shares have more than quintupled year to date amid investor enthusiasm for electric vehicle stocks.