Top Stock Market Gainers Today and What Fueling the Rally

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  24 Apr 2025
 

Markets lit up with green today as a wave of bullish catalysts powered a diverse group of stocks to the top of the leaderboard. From speculative momentum plays in mining and biotech to tech giants surprising with earnings beats, investors had plenty to cheer about. For seasoned traders, the stories behind these moves matter just as much as the numbers themselves—and today’s action was a textbook example of how market psychology and headlines can align to create explosive upside.

The biggest spotlight shone on TMC the metals company ($TMC), which rocketed over 41% as retail and institutional traders flocked to the promise of deep-sea mining. Optimism over the company’s potential to unlock rare earth elements from the ocean floor caught fire, sending volume nearly nine times above average. It’s a speculative but thematically powerful narrative amid global critical mineral supply concerns.

Not far behind was Ardagh Metal Packaging ($AMBP), with a near 30% surge driven by a double dose of bullish news: a quarterly dividend declaration and a Q1 earnings beat. In a market hungry for yield and stability, AMBP offered both, especially with volume surging six-fold. That kind of combination—a fundamental beat plus shareholder-friendly capital returns—tends to magnetize momentum traders and long-term investors alike.

Xcel Brands ($XELB) made headlines with a 29% gain after United Trademark Group revealed a $9 million strategic investment. The cash infusion coupled with a global licensing partnership gave the nano-cap fashion tech firm a visibility boost. With average daily volume typically under 32K, today’s 3.5 million share explosion signals clear speculative interest—possibly even algorithmic chasing.

The biotech space remained fiery, led by BriaCell Therapeutics ($BCTX), up over 16% after confirming full resolution of lung metastasis in a breast cancer trial. The company’s Bria-OTS monotherapy results have sparked enthusiasm over a potential game-changer in oncology. Coupled with its nano-cap status and a market that’s hyper-sensitive to positive clinical data, it’s no surprise BCTX moved like it did.

Community Health Systems ($CYH) posted a 19% pop in sympathy with broader healthcare optimism, boosted by strong quarterly results across the sector, including names like Texas Instruments and Hasbro. CYH specifically benefitted from a sector-wide re-rating and the perception that hospital chains may benefit in a soft-landing macroeconomic scenario.

MarineMax ($HZO) quietly impressed with strong same-store sales data, posting a 17% gain even as the company downplayed guidance due to tariffs. The market clearly focused on domestic strength over global headwinds—a classic case of investors choosing glass-half-full interpretations when bullish momentum takes over.

Among large-caps, ServiceNow ($NOW) was the standout, rallying 15% after delivering blowout Q1 earnings and lifting full-year guidance. Analysts rushed to defend the name, with multiple price target hikes and bullish commentary. Despite macro noise around tariffs and tech regulation, NOW's execution and visibility reassured investors, helping it lead the enterprise software cohort.

Tech hardware firm Impinj ($PI) also posted a 16% gain, fueled by both analyst upgrades and ETF-related buying as the SPDR Semiconductor ETF spiked. Impinj’s exposure to supply chain digitalization, plus analyst chatter around long-term bullishness, helped drive speculative interest today.

Rounding out the day’s outperformers, Hasbro ($HAS) rose nearly 15% on strong earnings and a reaffirmed FY24 outlook. Even a warning about potential $300 million in tariff exposure didn’t slow momentum, suggesting the market remains focused on resilient fundamentals over geopolitical risks—for now.