slack,-nordstrom:-5-top-stock-gainers-for-wednesday

Slack, Nordstrom: 5 Top Stock Gainers for Wednesday

Business

The Nasdaq closed at a record Wednesday while U.S. jobless claims rose in consecutive weeks for the first time since the summer.

Here are some of the market’s biggest gainers for Wednesday:

1. Slack Technologies | Percentage Increase 38%

Slack Technologies  (WORK) – Get Report jumped after the work messaging app was reportedly approached for an acquisition by Salesforce  (CRM) – Get Report. Any deal would value Slack above its current $17 billion market capitalization. It would represent Salesforce’s largest acquisition to date. 

2. Sierra Wireless | Percentage Increase 29%

Sierra Wireless  (SWIR) – Get Report rose after Colliers analyst Charles Anderson initiated coverage of the communications equipment company with a buy rating and $20 price target. Earlier this month, the company reported third-quarter revenue of $180.3 million, up from $174 million a year ago.

3. Raven Industries | Percentage Increase 8%

Raven Industries  (RAVN) – Get Report advanced after the specialty industrial machine company beat Wall Street’s third-quarter earnings and revenue expectations. Net sales totaled $96.6 million, down 3.9% from a year earlier. Net income was $8.7 million, or 24 cents per share, compared with $9.9 million, or 28 cents a share.

4. 21Vianet Group | Percentage Increase 20%

21Vianet Group  (VNET) – Get Report surged after the Beijing information technology services company beat Wall Street’s third-quarter earnings expectations. Earnings tripled from a year earlier to 6 cents a share, beating estimates for 3 cents a share. Revenue increased 27% to $183.5 million, which missed analysts’ expectations of $188.3 million.

5. Nordstrom | Percentage Increase 12%

Nordstrom  (JWN) – Get Report shares were higher after the upscale retailer reported a surprise fiscal-third-quarter profit. Nordstrom reported net income of 34 cents a share, down 58% from 81 cents a share in the year-earlier quarter. Revenue fell 16% to $3 billion from $3.57 billion.