Why TEN Holdings (XHLD) Skyrocketed on Monday?

We recently compiled a list of the 10 Small Firms Kick Off Monday with Strong Gains. In this article, we are going to take a look at where TEN Holdings, Inc. Common Stock (NASDAQ:XHLD) stands against the other stocks with strong gains.

Wall Street’s main indices kicked off Monday’s trading with a strong finish, ending in the green territory as investors hoped President Donald Trump would dial back on his wide-ranging tariff plans to allow the US to skirt an economic slowdown.

The Nasdaq posted the largest gain, up 2.27 percent, followed by the S&P 500, up 1.76 percent, and the Dow Jones, at 1.42 percent.

Ten companies under the micro- and small-cap sectors mirrored the broader market optimism, registering double- to triple-digit gains at intra-day trading. In this article, let us explore the reasons behind their gains.

To come up with the list, we considered only the stocks with the highest gains in terms of percentage change.

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TEN Holdings, Inc. Common Stock (NASDAQ:XHLD)

TEN Holdings, Inc. Common Stock (NASDAQ:XHLD) saw its share prices jump by 87 percent at intra-day trading on Monday before ending the day just up by 53.57 percent at $2.15 each, following the company’s share repurchase program.

TEN Holdings (NASDAQ:XHLD) embarked on a $1-million buyback program last week as part of its initiatives to boost share prices and shareholder value.

The buyback will be executed under a Rule 10b-18 plan, funded through cash from operations, and will be governed by market conditions and legal requirements.

TEN Holdings (NASDAQ:XHLD) said the program can be discontinued at any time, with no obligation to repurchase any specific amount of shares.

Based on its historical price, the company has been struggling to crawl back above the $1 level, the minimum bid price requirement to remain listed on the Nasdaq stock exchange, having traded below the said level for 11 consecutive days from March 4 to 18, 2025.

The Nasdaq notifies companies that trade below the minimum bid price requirement for 30 consecutive days. Upon receipt of notification, firms are required to conduct corporate initiatives to boost share prices above the said price or face a potential delisting.

Overall, XHLD ranks 5th on our list of  small firms kick off Monday with strong gains. While we acknowledge the potential of XHLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as XHLD but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.