Virgin Galactic, Beyond Meat, Bed Bath: 5 Top Stock Gainers Thursday
Stocks on Thursday gave up gains and finished lower as investors awaited the details of President-elect Joe Biden's covid-19 stimulus package.
Here are some of the market's biggest gainers for Thursday:
1. Virgin Galactic | Percentage Increase 20%
Virgin Galactic (SPCE) - Get Virgin Galactic Holdings, Inc. Report shares surged after ARK Investment Management filed with the Securities and Exchange Commission to launch a space exploration exchange-traded fund.
Expectations are that Virgin Galactic would be one of the fund’s holdings.
2. Beyond Meat | Percentage Increase 14%
Shares of Beyond Meat (BYND) - Get Beyond Meat Inc. Report climbed after Yum Brands (YUM) - Get Yum! Brands Inc. Report said its Taco Bell subsidiary was exploring a partnership with the company for a new plant-based product that will be tested next year.
This will be the first plant-based meat menu offering by the Mexican fast-food chain.
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3. Bed Bath & Beyond | Percentage Increase 19%
Bed Bath & Beyond (BBBY) - Get Bed Bath & Beyond Inc. Report advanced along with the home-goods sector as investors hoped for more stimulus spending.
The retailer also said it appointed two new senior vice presidents in the marketing department.
4. AeroVironment | Percentage Increase 30%
AeroVironment (AVAV) - Get AeroVironment Inc. Report shares took off after the unmanned-aircraft-technology company said it would acquire Arcturus UAV, which provides Group 2 and 3 unmanned aircraft systems, in a cash-and-stock transaction valued at $405 million.
The deal is expected to close during AeroVironment’s fiscal fourth quarter.
5. BlackBerry | Percentage Increase 22%
BlackBerry (BB) - Get BlackBerry Limited Report rose after Chief Financial Officer Steve Rai confirmed reports that the security and software services company had sold several patents covering mobile technology to China's Huawei Technologies.
Rai, speaking at J.P. Morgan’s 19th Annual Tech/Auto Forum Conference Call, said "there was a very small number of patents that are no longer relevant to the business."
