Top Gainers: 5 Stocks to Watch on Wednesday

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In this article, we take a look at five stocks that are gaining today. If you want to take a look at some more stocks that are making headlines on Wednesday and the latest market situation, go to Top Gainers: 10 Stocks to Watch on Wednesday.

5. Rogers Communications Inc. (NYSE:RCI) has risen 5.64% as of 12:03 PM ET after the Canadian telecommunication and media company outperformed the adjusted EPS estimates for Q1 2022 comprehensively. The company reported an increase in revenue of 3.7% YoY to $2.82 billion, in line with the analysts’ estimates. Moreover, Rogers Communications Inc. (NYSE:RCI) posted an adjusted EPS of 72 cents, nine cents higher than the consensus forecast. Since the start of the year, the stock price of Rogers Communications Inc. (NYSE:RCI) has increased by over 22%, compared to a decline of 6% experienced by the S&P 500 Index during the same period.

Overall, Rogers Communications Inc. (NYSE:RCI) was held by 13 hedge funds as of Q4 2021.

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