Pulse of the Market: Wednesday’s 10 Top Performers

The stock market regained momentum on Wednesday, with all main indices ending in the green, as investors cheered the Federal Reserve’s decision to keep interest rates unchanged.

The tech-heavy Nasdaq led the gains, rallying 1.41 percent, followed by the S&P 500 with a 1.08 percent gain, and the Dow Jones, by 0.92 percent.

Optimism spilled over into companies, with 10 particularly leading the charge. In this article, we have identified Wednesday’s 10 best performers and detailed the reasons behind their gains.

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

A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels

10. Hims & Hers Health Inc. (NYSE:HIMS)

Shares of Hims & Hers rose 7.59 percent on Wednesday to finish at $33.88 apiece as investors resorted to bargain-hunting following losses from the previous trading day, weighed down by a disappointing rating from an investment bank.

In its latest report, Bank of America assigned an “underperform” rating on HIMS stock as a spike in advertising spending on the Super Bowl event last month would not seem to prop up sales for the company.

This is as the Food and Drug Administration (FDA) announced recently that the bestselling Wegovy and Ozempic, manufactured by Novo Nordisk and which HIMS has been making knockoff versions of, are said to be back in sufficient supply. The FDA pulled the two drugs out of the shortage list.

Meanwhile, Bank of America raised HIMS’ price target by $1 to $22 apiece, a figure that represented a 35-percent downside from its latest closing price.

9. Oklo Inc. (NYSE:OKLO)

Shares of Oklo grew by 7.8 percent on Wednesday to close at $28.05 apiece, tracking the overall rally in the broader market and energy industry.

Investor sentiment was boosted by ongoing efforts from the Trump administration to prop up energy demand in the country, coupled with an expected spike in energy demand from the Artificial Intelligence industry.

Just recently, OKLO sealed a deal with RPower to deploy a phased power model for data centers. The model combines immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, eliminating reliance on diesel generators and supporting scalable, sustainable operations.

Meanwhile, the Department of Energy on Monday approved the disbursement of a loan for the Palisades Nuclear Plant, signaling the dawn of the nuclear sector and further benefiting nuclear technology companies.