Ten stocks stood firmer on Wednesday, bucking a mixed performance on the broader market, as investors digested a flurry of positive company-specific developments. Of the said firms, five notably soared to new record highs.
Meanwhile, only the Nasdaq finished in the green among Wall Street’s three main indices, inching up by 0.16 percent. The Dow Jones and the S&P 500 both fell by 0.94 percent and 0.34 percent, respectively.
Indices aside, this article spotlights the 10 top-performing stocks on Wednesday and detail the reasons behind their gains.
To come up with the list, we focused exclusively on stocks with a market capitalization of at least $2 billion.
10. Credo Technology Group Holding Ltd. (NASDAQ:CRDO)
Credo Technology snapped a four-day losing streak on Wednesday, jumping 6.05 percent to close at $141 apiece as investors repositioned portfolios ahead of the release of business updates next week.
In a statement, Credo Technology Group Holding Ltd. (NASDAQ:CRDO) said that its President and Chief Executive Officer Bill Brennan and Chief Finance Officer Dan Fleming would present at the 28th Annual Needham Growth Conference on Wednesday, January 14. Investors will be closely watching out for cues about its strategies and outlook for 2026.
In the past few days of the year, Mizuho Securities issued a “buy” recommendation for Credo Technology Group Holding Ltd. (NASDAQ:CRDO), saying that the company’s recent price weakness could be a huge opportunity to load up on its shares.
This followed the company’s 20 percent drop over the past 30 days, as well as the 2.01 percent decline in just the past four trading days of the year.
According to Mizuho, the stock’s decline was “overblown” triggered by fears of a potential market share loss and losing one of its major clients, Amazon, for the spotted orange and blue cables at the latter’s data centers, versus Credo’s purple cables.
Mizuho, however, clarified that Amazon had requested Credo Technology Group Holding Ltd. (NASDAQ:CRDO) to change the cable colors for internal logistics purposes.
9. Primo Brands Corp. (NYSE:PRMB)
Primo Brands rebounded by 6.27 percent on Wednesday to finish at $17.12 apiece as investors loaded portfolios ahead of expected business updates from its participation in a virtual fireside chat on the same day.
The company said that its chief executive officer, Eric Foss, and chief finance officer, David Hass, have joined a fireside chat with RBC Capital on the same day, where investors expected to hear its cues about last year’s performance as well as its outlook for 2026.
In its latest earnings call, Primo Brands Corp. (NYSE:PRMB) said that it was targeting net sales for full-year 2025 to decline by low single digits, as well as adjusted EBITDA between $1.44 billion to $1.46 billion.
In the third quarter of 2025 alone, Primo Brands Corp. (NYSE:PRMB) grew its net sales by 35.3 percent to $1.766 billion from $1.305 billion in the same period in 2024, with growth primarily driven by driven by net sales attributable to Primo Water due to the merger transaction and increased volumes attributable to BlueTriton.
However, net income fell by 68 percent to $16.8 million from $53.3 million year-on-year.
This year, Primo Brands Corp. (NYSE:PRMB) said that it was targeting to hit $300 million in cost savings.
8. Intel Corp. (NASDAQ:INTC)
Intel grew its share prices for a second day on Wednesday, jumping 6.52 percent to close at $42.63 apiece as investors gobbled up shares ahead of the release of its earnings performance for the fourth quarter and full-year 2025.
In a statement on the same day, Intel Corp. (NASDAQ:INTC) said that it would release its financial and operating highlights for the said period after market close on January 22. A conference call will be held to discuss the results.
In its last earnings call last year, Intel Corp. (NASDAQ:INTC) said that it was looking to generate revenues between $12.8 billion and $13.8 billion for the fourth quarter of 2025, alongside a loss per share of $0.14. The outlook excludes the results of its recent disposition of a controlling stake in Altera Corp.
In other news, Intel Corp. (NASDAQ:INTC) unveiled at the CES 2026 conference its new Ultra Series 3 processors—the first compute platform built on Intel 18A and said to be the most advanced semiconductor process ever developed and manufactured in the United States.
According to the company, the new product powers over 200 PC designs, which can deliver exceptional performance, graphics, and battery life.
7. Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX)
Recursion extended its winning streak to a fourth day on Wednesday, jumping 6.81 percent to close at $4.86 apiece as investors gobbled up more shares ahead of expected business updates from its participation in two conferences next week.
In a statement on Tuesday, Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) said that its president and CEO, Najat Khan, would present at the 44th Annual J.P. Morgan Healthcare Conference in San Francisco on Tuesday, January 13, as well as the 28th Annual Needham Growth Conference on Friday, January 16.
Investors will be closely watching out for updated guidance about its earnings performance in 2025, pipeline updates, as well as its outlook for 2026.
Last month, investment firm JPMorgan turned bullish about Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX) after upgrading the stock to “overweight” from “neutral” previously, while also raising its price target to $11 from $10.
The change followed solid results from the latest clinical trial of therapy candidate, REC-4881, which aims to treat Familial Adenomatous Polyposis.
According to JPMorgan, REC-4881 holds the potential to generate $1 billion in sales in the United States.
6. Companhia Siderurgica Nacional (NYSE:SID)
Companhia Siderurgica Nacional (NYSE:SID) extended its winning streak to a fourth consecutive day on Wednesday to hit a new 52-week high, as investors took path from a broader optimism for the steel industry’s recovery this year.
During the session, the stock soared by 7.43 percent to close at $1.88 apiece—a record high.
In an updated market report, Zacks Research posted a positive outlook for the steel industry amid the resilient construction sector as well as the recovering demand in the automotive sector.
Four companies ,in particular, are expected to benefit from the growth, including Companhia Siderurgica Nacional (NYSE:SID).
According to Zacks, rising US steel prices have created a favorable landscape for steel producers, while tightened supply and higher end-market demand are expected to prop up steel prices.
On Wednesday alone, data from Trading Economics showed that steel prices were up by 1.22 percent at $3,158.
Brazil-based Companhia Siderurgica Nacional (NYSE:SID), also called National Steel, is one of the largest steel producers in Brazil and Latin America in terms of production. It boasts of a diversified product portfolio including hot- and cold-rolled flat steel, galvanized sheets, and tin plates.
5. Compass Inc. (NYSE:COMP)
Compass bounced back on Wednesday to hit a new four-year high, as investors cheered progress on its planned $10-billion all-stock merger with Anywhere Real Estate Inc., paving the way for the looming completion of the deal.
At intra-day trading, the stock jumped to its highest price of $12.58 before trimming gains to finish the day just up by 9.33 percent at $11.84 apiece.
In a statement, Compass Inc. (NYSE:COMP) said that 99 percent of the votes cast at its special stockholders’ meeting voted to approve its merger with Anywhere Real Estate, while the latter also secured 72.4 percent approval from its own shareholders.
“We are pleased with the strong support from our and Anywhere’s stockholders in approving this transaction. Today’s outcome reflects confidence in our shared vision to empower real estate professionals with everything they need to grow their business and better serve their clients,” said Compass Inc. (NYSE:COMP) CEO Robert Reffkin.
In line with the approval, Compass Inc. (NYSE:COMP) announced plans to raise $750 million in fresh funds from the issuance of convertible senior notes due 2031, with the potential to increase to $862.5 million upon the subscription of overallotment option totaling $112.5 million.
Proceeds from the offer will be used to fund general corporate purposes, including merger costs, as well as Anywhere Real Estate’s existing debt.
4. Frontline plc (NYSE:FRO)
Frontline plc rallied for a third day on Wednesday, jumping 9.53 percent to finish at $23.67 apiece as business prospects turned rosy for the company following President Donald Trump’s announcement that the US would seize as much as 50 million barrels of sanctioned crude oil from Venezuela.
The announcement sparked buying interests from investors, buoyed by expectations that Frontline plc (NYSE:FRO) would largely benefit from the seizure, being one of the world’s largest seaborne transporters of crude oil and refined products.
According to latest updates, the US has successfully seized two sanctioned tankers during the day, including a Russian-flagged oil tanker in the Atlantic.
The second tanker, on the other hand, was seized in the international waters in the Carribean. This followed the arrest of ousted Venezuelan President Nicolas Maduro, as well as his wife, Cilia Flores, for charges of narco-related trafficking.
In other news, Frontline plc (NYSE:FRO) late last year reported dismal earnings performance in the third quarter of the year, with net income declining by 33 percent to $40.3 million from $60.4 million in the same period last year.
Revenues fell by 11.8 percent to $432.6 million from $490 million year-on-year.
3. United Microelectronics Corp. (NYSE:UMC)
United Microelectronics soared to a new three-year high on Wednesday, as investors cheered the jump in its net sales last year.
At intra-day trading, the stock jumped to its highest price of $9.11 before trimming gains to finish the session just up by 9.98 percent at $8.93 apiece.
This followed an update on the same day that its net sales for full-year 2025 increased by 2.26 percent to NT$237 million from NT$232 million in the same period last year.
For December alone, net sales grew by 1.66 percent to NT$19.28 million from NT$18.96 million in the same month in 2024.
Meanwhile, United Microelectronics Corp. (NYSE:UMC) is set to announce the results of its earnings performance for the fourth quarter and full-year 2025 on January 28, 2026.
For the fourth quarter, United Microelectronics Corp. (NYSE:UMC) earlier said that it expects wafer shipments to remain flat on a quarter-on-quarter basis, while gross profit margin would jump by a high-20-percent range.
Based in Taiwan, United Microelectronics Corp. (NYSE:UMC) is one of the leading semiconductor companies globally.
2. Anywhere Real Estate Inc. (NYSE:HOUS)
Anywhere Real Estate climbed to a new three-year high on Wednesday, as investors took heart from the developments on its $10-billion planned merger with Compass Inc., paving the way for the looming completion of the deal.
At intra-day trading, Anywhere Real Estate Inc. (NYSE:HOUS) jumped to its highest price of $18.03 before trimming gains to finish the day just up by 17.85 percent at $17.03 apiece.
This followed announcements on the same day that the two companies secured an overwhelming approval from their shareholders for their proposed all-stock merger.
In a joint statement, Anywhere Real Estate Inc. (NYSE:HOUS) and Compass Inc. said that 72.4 percent and 99 percent, respectively, of the cast votes during their special shareholders’ meetings have voted in favor of their planned merger.
The deal is targeted for completion on Friday, January 9.
In line with the approval, Compass Inc. would raise $750 million in fresh funds from the issuance of convertible senior notes due 2031, with the potential to increase to $862.5 million upon the subscription of overallotment option totaling $112.5 million.
Proceeds from the offer will be used to fund general corporate purposes, including merger costs, as well as repay Anywhere Real Estate Inc.’s (NYSE:HOUS) existing debt.
1. Revolution Medicines, Inc. (NASDAQ:RVMD)
Revolution Medicines soared to a new all-time high on Wednesday, as investors took path from a report from The Wall Street Journal that it was set to be acquired by AbbVie that could value the former $20 billion, albeit the latter later in the day debunked the report.
At intra-day trading, Revolution Medicines, Inc. (NASDAQ:RVMD) climbed to its highest price of $105 before paring gains to finish the day just up by 28.63 percent at $102.71 apiece. Wednesday’s trading was a significant jump from the near $80 level the day prior.
According to WSJ, AbbVie was in advanced talks to acquire Revolution Medicines, Inc. (NASDAQ:RVMD), which would have been the first mega deal blowout for the year. Trading in its shares also halted twice due to price volatility.
However, Reuters reported, quoting AbbVie as saying that it was “not in discussions with Revolution Medicines.”
Founded in 2014, Revolution Medicines, Inc. (NASDAQ:RVMD) is a late-stage clinical oncology company developing novel targeted therapies for patients with RAS-addicted cancers.
In an announcement on Monday, the company said that its Chairman and CEO Mark Goldsmith would participate in the 44th Annual J.P. Morgan Healthcare Conference on Monday, January 12.
Investors will be closely watching out for cues about its outlook for 2026, as well as updates about its pipelines.
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