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Stocks opened higher and remained in the green for the majority of the day Wednesday, but these gains were ultimately wiped out in late afternoon trading as investors reacted to the hesitant tone present in the minutes from the latest Fed meeting.
Nevertheless, several interesting stories broke throughout the day, including the news that hydrogen fuel cell maker Plug Power is teaming up with Amazon and Panera Bread is being bought out by the owner of Krispy Kreme.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Amerigo Resources ARREF – +5.20%
Growth: SORL Auto Parts SORL – +4.66%
Income: HAYS Plc HAYPY – +3.02%
DOW: 20,666.87 / -22.37 / -0.11%
NASDAQ: 5,872.36 / -26.25 / -0.45%
S&P 500: 2,355.76 / -4.40 / -0.19%
Here’s Why Plug Power Stock is Skyrocketing Today
On Wednesday, shares of hydrogen fuel cell maker Plug Power PLUG are skyrocketing, up around 73% in afternoon trading after the company announced a supply agreement with e-commerce giant Amazon AMZN, a deal which could be worth up to $600 million.
Panera Bread Stock Soars on Buyout from Krispy Kreme Owner
Shares of Panera Bread PNRA opened nearly 13.5% higher on Wednesday morning after the company announced that it has sold itself to JAB, a German conglomerate that owns Krispy Kreme, Einstein Bros. Bagels, Keurig Green Mountain, and a variety of other food and drink brands.
Uber Admits to Finding Allegedly Stolen Waymo File
The ongoing legal dispute between Alphabet Inc. GOOGL and Uber just took an interesting turn. The ride-sharing company admitted in court Wednesday that it found one of the documents that Waymo—formerly the Google self-driving car project—claims was stolen by a former employee.
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
SORL Auto Parts, Inc. (SORL): Free Stock Analysis Report
Plug Power, Inc. (PLUG): Free Stock Analysis Report
Amerigo Resources Ltd. (ARREF): Free Stock Analysis Report
Panera Bread Company (PNRA): Free Stock Analysis Report
HAYS PLC (HAYPY): Free Stock Analysis Report
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