Wednesday's session produced a broad range of price swings across mega-, large-, mid- and small-cap stocks, with corporate news and quarterly results cited as drivers for many of the moves. Below is a sector- and capitalization-ordered recap of the most significant gainers and decliners.
Mega-Cap Movers (Market Cap: $200 billion USD or higher)
- Netflix (NFLX) gains as WBD considers revised Paramount Skydance offer +5.59%
- Palantir Technologies (PLTR) +4.44%
- Applied Materials (AMAT) +4.62%
- IBM (IBM); UBS upgrades IBM stock rating on balanced risk-reward outlook +4.08%
- UnitedHealth Group (UNH); UnitedHealth Group declares $2.21 quarterly dividend +2.83%
- Morgan Stanley (MS) +2.99%
- Oracle Corp (ORCL); Oppenheimer upgrades Oracle stock rating on AI strength, sets $185 target +2.77%
- Microsoft Corp (MSFT) +2.64%
- Home Depot (HD) -2.43%
- Bank Of America (BAC) +2.44%
The largest-cap names included several double-digit movers by percentage among the advancing tech and financial names, while Home Depot bucked the trend with a modest decline.
Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)
- Circle Internet Group (CRCL) +30.63%
- Taser International (AXON); Axon shares surge 10% on strong fourth quarter, upbeat outlook +18.01%
- Coinbase Global (COIN) +14.0%
- Figma Inc (FIG) +12.32%
- Jazz Pharmaceuticals (JAZZ); Jazz Pharmaceuticals beats estimates on strong Xywav growth +11.95%
- United Therapeutics Corp (UTHR); United Therapeutics stock falls nearly 5% on revenue miss despite earnings beat +11.38%
- First Solar Inc (FSLR); First Solar stock tumbles over 10% on weak 2026 revenue guidance following Q4 earnings miss -14.08%
- Godaddy Inc (GDDY); GoDaddy falls 8% as revenue guidance trails estimates -15.41%
- CoStar Group (CSGP); CoStar Group beats Q4 estimates but shares dip on weak outlook -11.04%
- NantKwest (IBRX) -12.47%
Large-cap activity featured strong rallies for several digital and software-related firms, while guidance or revenue shortfalls drove steep drops at First Solar and GoDaddy.
Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)
- Highland HFR Event Driven (DRVN) -36.63%
- Clear Secure (YOU); Clear Secure beats fourth quarter estimates on revenue growth +33.13%
- Everus Construction (ECG); Everus Construction surges on fourth quarter earnings beat +27.31%
- CAVA Group Inc (CAVA); Cava surges 9% on as FY revenue tops $1B for first time +24.37%
- Dragoneer Growth Opp (CCC) +23.62%
- Fermi America LLC (FRMI) +15.92%
- Figure Technology Solutions Ltd (FIGR) +17.28%
- Photronics (PLAB) +15.61%
- Talos Energy (TALO); Talos Energy falls 4% on worse-than-expected Q4 print -13.25%
- Gores Holdings II Incorporated (VRRM); Verra Mobility falls on earnings miss and weak guidance -14.56%
Mid-cap results were mixed, with several companies posting strong quarter-over-quarter improvements and corresponding rallies, while energy and certain holdings fell after disappointing prints.
Small-Cap Stock Movers (Market Cap: $300 million - $2 billion USD)
- Zafgen Inc (LRMR) +63.69%
- Braiin (BRAI) +66.3%
- Rayonier Advanced Materials (RYAM) +42.96%
- Novocure Ltd (NVCR) +27.34%
- CONL (CONL) +28.01%
- Live Oak Acq (NVTS) +23.61%
- ETHU (ETHU) +23.46%
- Allot Communications (ALLT) -30.48%
- MannKind Corp (MNKD) -33.3%
- Oddity Tech (ODD); Jefferies downgrades Oddity Tech stock rating on ad algorithm disruption -47.43%
Small caps showed some of the session's most extreme moves, with several names rallying sharply while others plunged following downgrades and operational concerns.
What this means
Wednesday's movers underscore how events ranging from takeover considerations and analyst upgrades to earnings beats and guidance shortfalls can produce outsized effects across market-cap segments. Tech and financial names furnished many of the winners, while firms issuing weak guidance or missing revenue targets were among the heaviest decliners.