Why These 5 Stocks Are Trending on Wednesday

3. Continental Resources, Inc. (NYSE:CLR) is in the spotlight after it entered into an agreement to buy all of Pioneer Natural Resources Company (NYSE:PXD)’s assets in the Delaware Basin for $3.25 billion in cash, subject to normal closing adjustments. The deal is expected to close in the fourth quarter. Continental Resources, Inc. (NYSE:CLR) is also trending after it reported in-line adjusted EPS of $1.2 for Q3. Sales for the period rose 93.5% year over year to $1.34 billion but missed the consensus by $70 million. Steve Cohen’s Point72 Asset Management was long 832,136 shares of Continental Resources, Inc. (NYSE:CLR) at the end of June.