Wall Street Shockers: 10 Stocks on Sky High

Ten stocks delivered staggering gains on Thursday, surging by 9 to 36 percent in just the day’s session, thanks to a flurry of company-specific developments and investor confidence about the upcoming second-quarter earnings results.

The stocks traded higher in line with the broader market, with the Nasdaq rallying the most with 0.75 percent, followed by the S&P 500 with a 0.54 percent gain, and the Dow Jones, at 0.52 percent.

In this list, we name the top 10 performing mid-cap companies and break down the reasons behind their strong performance.

The stocks were chosen based on two criteria: at least $2 billion in market capitalization and over 5 million shares in trading volume.

10. Intuitive Machines Inc. (NASDAQ:LUNR)

Intuitive Machines grew its share prices for a fourth straight day on Thursday, adding 9.18 percent to close at $12.25 apiece following expansion plans at its headquarters at the Houston Spaceport after successfully securing another 25-year lease contract with the city government.

In a statement, Intuitive Machines Inc. (NASDAQ:LUNR) said the developments include a 16,500-sq-ft spacecraft development and production space, an 8,000-sq-ft warehouse and storage facility, and 150 new parking stalls to accommodate the growing workforce. The company noted that its workforce has already grown by 130 percent since 2019.

“This expansion reflects the strength of our partnership with local government and our shared commitment to building the infrastructure, workforce, and capabilities needed to deliver on current government missions and meet the demands for what’s next,” said Intuitive Machines Inc. (NASDAQ:LUNR) CEO Steve Altemus.

The project followed Intuitive Machines Inc.’s (NASDAQ:LUNR) launch of a 105,572-sq-ft lunar production and operations center at Houston Spaceport, which features mission control rooms, spacecraft assembly floors, and research and development laboratories.

9. Archer Aviation Inc. (NYSE:ACHR)

Archer Aviation saw its share prices increase by 10.84 percent on Thursday to close at $13.4 apiece, tracking the rally of its counterpart Joby Aviation Inc. (NYSE:JOBY) following the latter’s announcement that it would ramp up its production plans at one of its facilities.

The move boosted investor sentiment on expectations that Archer Aviation Inc. (NYSE:ACHR) will either follow suit, with the sector already earning the backing of President Donald Trump through an executive order last year that would support the expansion of the industry in the US.

Both Archer Aviation Inc. (NYSE:ACHR) and Joby Aviation Inc. (NYSE:JOBY) shares marked Thursday the fourth straight day of gains.

In other news, Archer Aviation Inc. (NYSE:ACHR) CFO Mark Mesler officially stepped down from his role last July 7, following a period of medical leave since September 2024.

Priya Gupta, who served as the company’s acting CFO, will continue to serve in her same capacity.