Stocks finished higher Wednesday, with the Dow Jones Industrial Average posting record intraday and closing highs, as energy companies outperformed and technology companies bounced back.
Here are some of the market's biggest gainers for Wednesday:
1. Under Armour | Increase 6.9%
Revenue rose 35% to $1.3 billion, beating estimates of $1.13 billion.
2. Match Group | Increase 3.4%
Match Group (MTCH) shares traded higher after the parent of dating apps Tinder and Hinge forecast better-than-expected revenue this quarter amid ongoing COVID vaccine rollouts and corresponding business reopenings.
For the first quarter, Match's revenue jumped 23% to $668 million vs. the consensus analyst estimate of $650.7 million.
3. Athenex | Increase 23%
Athenex (ATNX) jumped after the biopharma focused on cancer therapies agreed to buy Kuur Therapeutics, which develops cell immunotherapies to treat solid and hematological malignancies, for as much as $185 million.
Athenex will pay $70 million up front and as much as $115 million as Kuur meets development milestones.
4. Hayward Holdings | Increase 24%
Hayward Holdings (HAYW) was surging after the producer of pool equipment and associated automation systems reported strong first-quarter earnings.
The company swung to net income of $36.9 million compared with a loss of $10.4 million in the year-earlier quarter.
5. KAR Auction Services | Increase 16%
Shares of KAR Auction Services (KAR) were climbing after the automobile auction house beat Wall Street's first-quarter earnings expectations.
Net income increased to $50.9 million, or 25 cents a share, from $2.8 million, or 2 cents a share, a year earlier.