Why These 5 Stocks Are Trending on Wednesday

In this article we take a look at five stocks that are trending on Wednesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Trending on Wednesday.

5. Plug Power Inc. (NASDAQ:PLUG) has rallied 12% after Stephen Byrd of Morgan Stanley upgraded the stock to ‘Buy’ from ‘Hold’. Byrd has a $40 price target, up from the previous $35. Plug Power Inc. (NASDAQ:PLUG) is also trending due to an announced partnership with Airbus with plans to an airport in the U.S. as the first ‘hydrogen hub’ pilot airport. 34 elite funds in our database were long Plug Power Inc. (NASDAQ:PLUG) at the end of June.


4. Hasbro, Inc. (NASDAQ:HAS) is trending after the company’s former CEO, Brian Goldner, died at 58. Goldner was diagnosed with prostate cancer in 2014. The number of elite funds with positions in Hasbro, Inc. (NASDAQ:HAS) fell to 27 at the end of Q2 from 31 at the end of Q1.


3. QUALCOMM Incorporated (NASDAQ:QCOM) shares have increased 1.5% after the company announced a $10 billion repurchase program that’s in addition to an existing buyback program of $900 million. QUALCOMM Incorporated (NASDAQ:QCOM) has bought back substantial shares in the past. The number of elite funds in our database that were long QUALCOMM Incorporated (NASDAQ:QCOM) fell to 72 in the second quarter from 73 in the first quarter.


2. Vimeo, Inc. (NASDAQ:VMEO) shares are up 13.5% after the company announced its total sales in September increased 33% year over year. That’s better than many market estimates. Thrive Capital had a position of more than 5.85 million shares in Vimeo, Inc. (NASDAQ:VMEO) at the end of June.

1. Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) is down 9.5% after the company announced a stock offering of 8 million shares. The stock offering is from existing shareholders and not the company itself. PAR Capital Management was long more than 2.2 million shares of  Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) at the end of June.

Disclosure: None.