10 Hot Stocks Sparking Buying Frenzy

Ten stocks finished stronger on Tuesday, defying an overall market pessimism, thanks to industry catalysts that fueled buying appetite. Of the 10 stocks, four notably soared to fresh 52-week highs.

Meanwhile, all Wall Street indices finished in the red, led by the Nasdaq, down 0.67 percent, followed by the S&P 500, dropping 0.38 percent, and the Dow Jones, decreasing 0.20 percent.

In this article, we focus on the 10 best-performing stocks on Tuesday and break down the reasons behind their gains.

To come up with the list, we focused exclusively on mid-cap stocks with at least $2 billion in market capitalization and 5 million shares in trading volume.

A stock market graph. Photo by Alesia Kozik on Pexels

10. Hims & Hers Health Inc. (NYSE:HIMS)

Hims & Hers rallied for a second day on Tuesday, adding 5.86 percent to close at $57.97 apiece, as investors welcomed key leadership changes as part of the company’s global expansion initiatives.

In a social media post over the weekend, Hims & Hers Health Inc. (NYSE:HIMS) CEO Andrew Dudum named Mike Chi as the company’s new chief operating officer, leading operations, as well as product, marketing, and commercial segments. He will replace Nader Kabbani, who is stepping into a new advisory role focusing on global initiatives.

The changes will take effect on November 2, 2025.

“Nobody knows how to scale beloved tech and healthcare companies like Nader, and I’m excited for him to focus on future innovation. At the same time, Mike Chi, one of my most trusted partners, is taking on an expanded role,” Dudum said.

“Relentless operator, clear thinker, and builder of great teams. The right leader for this next chapter,” he noted.

Chi has been with Hims & Hers Health Inc. (NYSE:HIMS) since 2021, while Kabbani joined only in May 2025.

9. SoFi Technologies Inc. (NASDAQ:SOFI)

SoFi Technologies grew its share prices for a second day on Tuesday, jumping 6.75 percent to close at $28.14 apiece as investors took early positions in lenders that would benefit from an expected interest rate cut.

The US central bank is set to convene for the next Federal Open Market Committee meeting in the end of the month, and investors are already betting big on another rate cut following key inflation data that solidified expectations.

SoFi Technologies Inc. (NASDAQ:SOFI), an online lending platform, stands to benefit from a rate cut move, with lower rates typically bolstering borrowing volumes.

In other developments, SoFi Technologies Inc. (NASDAQ:SOFI) is set to release the results of its third quarter earnings performance in the end of the month, based on its historical earnings reporting dates.

For the full-year 2025, SoFi Technologies Inc. (NASDAQ:SOFI) is targeting to deliver $370 million in net income and $3.375 billion in revenues, which would represent a 30 percent growth year-on-year.