Ten stocks soared higher on Wednesday after a flurry of catalysts, including corporate earnings and newly inked partnerships, among others.
The companies boasted easy double-digit gains, outperforming Wall Street’s main indices, which also finished in the green during the session. The Dow Jones rose by 1.04 percent, the S&P 500 grew 0.32 percent, while the Nasdaq inched up by 0.14 percent.
Indices aside, let us explore the 10 top performers on Wednesday alongside the reasons behind their strong performance.
To compile the list, we focused exclusively on stocks with $2 billion in market capitalization and at least 5 million shares in trading volume.
Photo by Tima Miroshnichenko on Pexels
10. LifeStance Health Group, Inc. (NASDAQ:LFST)
LifeStance Health extended its winning streak to a fourth straight day on Wednesday, jumping 10.94 percent to close at $5.17 apiece after reporting a strong performance in the second quarter of the year.
Based on its updated report, net loss narrowed by 84 percent to $3.8 million from $23.3 million in the same period last year. Revenues increased by 11 percent to $345.3 million from $312.3 million year-on-year on the back of a higher visit volume from net clinician growth.
Clinician base ended at 7,708 during the period, an increase of 173 or 11 percent from the first quarter of the year.
“I am incredibly proud of the LifeStance team for the strong results achieved in the second quarter,” said LifeStance Health Group, Inc. (NASDAQ:LFST) CEO Dave Bourdon, underscoring the double-digit organic revenue growth and 10 percent adjusted EBITDA margin.
Encouraged by the results, LifeStance Health Group, Inc. (NASDAQ:LFST) maintained its full-year revenue growth target of $1.4 billion to $1.44 billion, as well as adjusted EBITDA to $140 million to $150 million.
For the third quarter of the year, total revenues were expected to grow between $345 million and $365 million, while adjusted EBITDA was pegged at $33 million to $39 million.
9. Venture Global, Inc. (NYSE:VG)
Venture Global rallied for a second straight day on Wednesday, surging 11.99 percent to close at $13.64 apiece, following its legal battle victory against Shell PLC (NYSE:SHEL) and optimism that it would win similar arbitration cases with other companies.
Earlier this week, Venture Global, Inc. (NYSE:VG) won the battle against Shell over its failure to deliver liquefied natural gas under long-term contracts in 2023.
Other companies, namely BP, Edison, Orlen, Repsol, and Galp, similarly accused the LNG firm of profiting from the sale of natural gas on the spot market while failing to deliver them their contracted cargoes from the Calcasieu Pass export facility in Louisiana.
They said it was profiteering by selling commission cargoes at higher spot prices, a claim Venture Global, Inc. (NYSE:VG) firmly debunked, saying that it delayed commercial operations due to a faulty electric system that did not allow the plant to operate.
In other news, Venture Global, Inc. (NYSE:VG) said it grew its net income in the second quarter of the year by 21 percent to $368 million from $303 million in the same period last year, on the back of higher income from operations of $675 million primarily due higher LNG sales volumes at the Plaquemines Project.
Revenues soared by 180 percent to $3.1 billion from $1.1 billion year-on-year.
8. Capri Holdings Ltd. (NYSE:CPRI)
Capri Holdings rallied for a second day on Wednesday, soaring 12.28 percent to end at $22.03 apiece, after investment firm JPMorgan turned bullish on the company.
In a market note, JPMorgan upgraded Capri Holdings Ltd. (NYSE:CPRI) to “overweight” from “neutral” on expectations of a sequential growth in revenues, as well as gross and operating margins, amid ongoing strategies and efforts for the Michael Kors brand by rolling out new designs, selling items at a full price, and cutting back on discounts.
Additionally, JPMorgan turned optimistic about the company’s 25-percent decline in the number of Michael Kors stores, saying that it would help make the brand more exclusive and profitable.
Growth is also expected to come from higher prices to offset tariffs and its deal to sell the underperforming brand Versace.
In the first quarter of fiscal year 2026 ending June, Capri Holdings Ltd. (NYSE:CPRI) said it swung to an attributable net income of $53 million from a $14 million net loss in the same period last year. Total revenues, however, were lower by 6 percent to $797 million from $848 million year-on-year.
For the full fiscal period, the company is targeting revenues of $3.375 billion to $3.45 billion, with the Michael Kors brand accounting for the bulk, or $2.8 billion to $2.875 billion.
In the second quarter alone, total revenues were pegged at $815 million to $835 million.
7. ImmunityBio, Inc. (NASDAQ:IBRX)
ImmunityBio soared by 14.17 percent on Wednesday to close at $2.82 apiece as investors cheered promising early findings from its ongoing trial (QUILT-106) to treat a rare blood cancer type with its therapy candidate.
In a statement, ImmunityBio, Inc. (NASDAQ:IBRX) said the first phase of QUILT-106 showed highly promising results in the first two patients with Waldenstrom macroglobulinemia (WM)—a type of non-Hodgkins lymphoma (NHL)—using its CD19 CAR-NK (CD19 t-haNK) natural killer cell therapy.
The trial aims to evaluate the safety and efficacy of the cell therapy alone, as well as when it is combined with an existing drug called rituximab.
According to ImmunityBio, Inc. (NASDAQ:IBRX), both patients tolerated the therapy candidate without any significant side effects. Notably, all infusions were administered in an outpatient setting.
“One patient achieved a complete response (CR) with CD19 CAR NK monotherapy, while the second patient achieved CR with CD19 CAR-NK in combination with rituximab. Remission was maintained and is ongoing for six months to date,” ImmunityBio, Inc. (NASDAQ:IBRX) said.
6. Hudbay Minerals Inc. (NYSE:HBM)
Hudbay Minerals grew its share prices for a second day on Wednesday, up 15.03 percent to close at $11.33 apiece, following an impressive earnings performance and a $600-million investment from Mitsubishi Corp.
In its updated report, Hudbay Minerals Inc. (NYSE:HBM) said it swung to a net income attributable to shareholders of $117.7 million from an attributable net loss of $16.5 million in the same period last year, driven by higher gross margins and strong cost control.
Revenues increased by 26 percent to $536.4 million from $425.5 million year-on-year.
“With the strong performance in the first half of the year, we are reaffirming our full year consolidated production guidance and are favourably tracking well below our full year consolidated cost guidance for 2025,” said Hudbay Minerals Inc. (NYSE:HBM) President and CEO Peter Kukielski.
For the full-year period, the company is targeting to produce between 117,000 and 149,000 tons of copper, as well as 247,500 to 308,000 ounces of gold.
In other news, Hudbay Minerals Inc. (NYSE:HBM) was able to raise $600 million in fresh funds from Mitsubishi Corp. after the latter acquired a 30-percent stake in Copper World LLC.
Under the agreement, Mitsubishi will pay an upfront cash of $420 million, with the balance to serve as a matching contribution within an 18-month period.
5. Intapp Inc. (NASDAQ:INTA)
Intapp climbed by 15.52 percent on Wednesday to finish at $42.65 apiece as investors took heart from an optimistic outlook for the fiscal year 2026, coupled with a strong earnings performance during the past full-year period.
In its earnings report, Intapp Inc. (NASDAQ:INTA) said it narrowed its net loss in the full fiscal year 2025 by 43 percent to $18.2 million from $32 million in the same period last year. Total revenues grew 17 percent to $504 million from $430 million year-on-year.
In the fourth quarter ending June alone, net loss narrowed by 11 percent to $528,000, while revenues increased by 18 percent to $135 million from 114 million in the same comparable period.
For the next fiscal year, Intapp Inc. (NASDAQ:INTA) is targeting to book between $566.7 million and $570.7 million in total revenues, with SaaS revenues accounting for $411.4 million to $415.4 million.
“Our fiscal year 2025 results are reflective of the hard work we’ve done to launch innovative new AI solutions, expand our client base around the globe, forge new partnerships, and help firms move to the cloud. We’re excited to enter the new year with momentum,” said Intapp Inc. (NASDAQ:INTA) CEO John Hall.
4. The Chemours Company (NYSE:CC)
Shares of The Chemours Company (NYSE:CC) soared by 17.95 percent on Wednesday to close at $14.65 apiece as investors cheered the successful qualification of its Opteon cooling liquid from Samsung Electronics, marking a significant milestone amid the growing demands from AI and semiconductor firms.
In a statement, The Chemours Company (NYSE:CC) said its Opteon two-phase immersion cooling fluid received Samsung’s qualification and compatibility with its 4th generation Solid State Drives (SSD), providing certainty to server manufacturers and increased adoption.
“Our innovative technology offers superior compatibility, enables higher IT loads, with fewer equipment failures, and dramatically less energy and water use—all of which translates to reduced costs for downstream users. We’re eager to continue working with Samsung and the broader industry to bring this breakthrough technology to market,” said Denise Dignam, president and CEO of The Chemours Company (NYSE:CC).
To ensure swift qualification, the firm partnered with Samsung, tank manufacturer Liquid Stack, and semiconductor firm PKI Corp. to conduct performance testing using a commercial-scale 48U immersion cooling tank. Samsung and PKI established a robust testing and qualification process to support current and future generation qualifications. The equipment met all compatibility targets, with no sign of degradation.
3. Paramount Skydance Corp. (NASDAQ:PSKY)
Paramount Skydance extended its rally to touch a new high on Wednesday, finishing up by 36.74 percent at $15 apiece, with a former hedge fund manager calling it a “meme” stock.
In a social media post, Mad Money host and former hedge fund manager Jim Cramer said Paramount Skydance Corp. (NASDAQ:PSKY) is a “meme stock” given the company’s small public float and unjustifiable rally amid the lack of fresh developments.
Paramount Skydance Corp. (NASDAQ:PSKY) climbed by as high as 60 percent at intra-day trading to hit $17.53 before paring gains to finish slightly lower during the session.
In recent news, the company bagged a new $7.7-billion deal to exclusively air the Ultimate Fighting Championship (UFC) on Paramount+ for seven years beginning in 2026.
The deal would include UFC’s full slate of 13 marquee numbered events and 30 Fight Nights through its direct-to-consumer streaming platform, Paramount+, with select numbered events to be simulcast on CBS.
As part of the agreement, Paramount Skydance Corp. (NASDAQ:PSKY) will move UFC away from the existing Pay-Per-View model and make the latter available at no additional cost to Paramount+ subscribers in the US. It also intends to explore UFC rights outside the US in the future.
2. Sapiens International Corp. N.V. (NASDAQ:SPNS)
Sapiens International skyrocketed by 44.27 percent on Wednesday, a fourth day, to close at $42.56 apiece following news that it was set to be acquired by private equity firm Advent for $2.5 billion.
In a statement, Sapiens International Corp. N.V. (NASDAQ:SPNS) said it entered into an agreement with Advent for the sale of more than 57.47 million common shares at a price of $43.5 apiece.
The transaction, which will be entirely paid in cash, represents a 64-percent premium over Sapiens International Corp. N.V.’s (NASDAQ:SPNS) closing price of $26.52 last August 8, as well as a premium of approximately 51 percent to both the 30- and 60-day volume-weighted average price from the same period.
Meanwhile, minority shareholder Formula Systems (1985) Ltd. will retain its ownership in the company.
Sapiens International Corp. N.V. (NASDAQ:SPNS) expects the transaction to close either in the fourth quarter of the year or in the first quarter of 2026, subject to closing conditions, including shareholder approval.
1. WEBTOON Entertainment Inc. (NASDAQ:WBTN)
Webtoon soared to a new record high on Wednesday, as investors cheered its newly inked partnership with Disney to bring the latter’s iconic comics to its mobile app.
In intraday trading, WEBTOON Entertainment Inc. (NASDAQ:WBTN) skyrocketed by as much as 97 percent to touch its highest price of $18.44, before paring gains to end the day just up by 81.2 percent at $16.96 apiece.
This followed announcements that Disney will bring to the Webtoon app its 100 iconic comics from the Disney, Marvel, 20th Century Studios, and Star Wars brands.
In addition to the existing ones, the brands will also publish new series on WEBTOON Entertainment Inc.’s (NASDAQ:WBTN) global platform.
At launch, Webtoon users will be able to access Amazing Spiderman (series 2022-present); Avengers (2012); Star Wars (2015); Alien (2021); and Disney As Old As Time: A Twisted Tale.
“We’re thrilled to kick off this collaboration with iconic series from their comic book catalog—and this is just the start! Together, we’re bringing this legendary storytelling to a new generation of mobile-native comic fans, while giving existing fans a new way to experience series and characters they love,” said Chief Strategy Officer Yongsoo Kim.
Given Disney’s huge fan base, the partnership is expected to bolster WEBTOON Entertainment Inc.’s (NASDAQ:WBTN) revenues moving forward.
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