Massive Gains: 10 Stocks Investors Can’t Stop Buying

Investors turned generally cautious on Thursday, as evidenced by the lackluster performance of Wall Street’s major indices, as they went in a wait-and-see mode ahead of the US inflation data for August due tomorrow, September 26.

But while the market struggled, 10 companies broke away from the pack, posting gains and drawing massive investor attention with more than 100 million in trading volume during the session.

In this article, we spotlight the names of the 10 companies that stood out amidst an overall market decline, and detail the reasons behind their gains.

To come up with the list, we focused exclusively on stocks with more than 100 million shares in trading volume across all market capitalizations.

A stock market data. Photo by Alesia Kozik on Pexels

10. Denison Mines Corp. (NYSEAmerican:DNN)

Shares of Denison Mines grew by 4 percent on Thursday to close at $2.86 apiece as investors loaded positions amid renewed optimism for the uranium and nuclear industries.

During the session, a hefty 97 million shares changed hands.

Earlier this week, technology giants Nvidia Corp., Alibaba Group, and OpenAI announced a wave of billion-dollar investments that bolstered rosy prospects for the nuclear industry.

Denison Mines Corp. (NYSEAmerican:DNN), for its part, stands to benefit from the expected stronger demand for power, as its uranium products are crucial in fueling nuclear power plants for AI companies such as data centers that require a massive amount of electricity.

To support its expansion plans, the company last month successfully raised $345 million in fresh funds from the issuance of convertible notes due 2031.

Proceeds from the offer will be used for the development of its flagship Phoenix In-Situ Recovery uranium mine in northern Saskatchewan, Canada, while the balance will be used for future investment decisions.

9. NIO Inc. (NYSE:NIO)

NIO grew its share prices by 4.92 percent on Thursday to close at $7.47 apiece, nearly hitting a new all-time high, as investors took path from an investment firm’s bullish coverage for its stock.

During the session, NIO Inc. (NYSE:NIO) soared to $7.68—3 cents shy of its highest 52-week price of $7.71. It also marked its fourth straight day of gains.

On Wednesday, Citigroup raised its price target for NIO Inc.’s (NYSE:NIO) Hong Kong shares to HK$65.90 from HK$62.50 and maintained its “buy” rating on the stock. The analyses influenced overall trading in the company’s shares on both the Hong Kong and New York stock exchanges.

According to Citi, it added NIO Inc. (NYSE:NIO) to its 30-day upside catalyst watch, indicating that it expects the latter to rapidly rise in the short term.

Citi’s upgrade sparked renewed investor confidence after the company over the weekend announced a potential six-month delay in the delivery of its newly launched ES8 vehicle.

According to NIO Inc. (NYSE:NIO), it sold out the 40,000 unit production capacity of the ES8 amid strong demand. It added that new orders would face a waiting time of 24 to 26 weeks, or delivery as early as March 2026.