10 Firms Blowing Up by Double Digits Today

Ten individual stocks soared by double digits on Wednesday, outperforming a lackluster performance among Wall Street’s indices, thanks to the 90-day truce between the US and China that continued to boost investor confidence.

In contrast, Wall Street’s indices were mixed, with the tech-heavy Nasdaq growing 0.72 percent, followed by the S&P 500, up 0.10 percent. The Dow Jones declined by 0.21 percent.

In this article, we name Wednesday’s 10 best-performing stocks and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

Photo by Jonathan Borba on Pexels

10. Liberty Global Ltd. (NASDAQ:LBTYA)

Liberty Global snapped a 10-day losing streak on Wednesday, jumping 7.6 percent to close at $9.77 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation.

Additionally, sentiment was buoyed by a statement from Liberty Global Ltd.’s (NASDAQ:LBTYA) partner, Telefonica, saying that it was satisfied with its joint venture with the former in operating Britain’s Virgin Media O2, and does not seek to take control of the latter.

“We’re very happy with the current situation. The joint venture is working very well, we don’t have any deal on the table,” Telefonica CEO Emilio Gayo was quoted as saying in a report by Reuters.

This came after news from Bloomberg that Telefonica was evaluating a potential purchase of part of Liberty Global Ltd.’s (NASDAQ:LBTYA) 50-percent stake in the former.

“We are working closely to find the best option to develop fibre in the UK and create value for VMO2,” he added.

9. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Rocket Lab USA rallied for a third consecutive day on Wednesday, growing 10.54 percent to close at $24.13 apiece, after bagging a new deal with the National Aeronautics and Space Administration (NASA) for the launch of a new mission aimed at studying galaxy formation and cosmic evolution.

Called the Aspera mission, Rocket Lab USA, Inc. (NASDAQ:RKLB) and NASA said that they are targeting to launch the new project in the first quarter of 2026.

According to NASA, Aspera will examine hot gas in the space between galaxies, called the intergalactic medium. Through the observation of ultraviolet light, it will study the inflow and outflow of gas from galaxies, a process thought to contribute to star formation.

In other news, Rocket Lab USA, Inc. (NASDAQ:RKLB) successfully returned a Rocket Lab Pioneer spacecraft built for Varda Space Industries, a space research company designing, building, and flying spacecraft that processes pharmaceuticals in microgravity.