It was a rough day for the broader market on Tuesday, with the Dow Jones plunging more than 500 points. But a handful of stocks managed to ignore the gloom and post impressive gains.
Leading the pack was Amer Sports, Inc. (AS), which jumped after delivering third-quarter results that blew past Wall Street's expectations. The company reported adjusted earnings of 33 cents per share, comfortably ahead of the 25-cent consensus estimate. Revenue came in at $1.756 billion, marking a solid 30% increase year-over-year and topping the Street's forecast of $1.710 billion. The strong performance prompted management to raise its full-year 2025 guidance above analyst estimates.
Shares of Amer Sports rallied 6.5% to $32.78 during Tuesday's session.
Other Notable Movers
Several other stocks delivered eye-catching performances despite the market's negative backdrop:
Olema Pharmaceuticals, Inc. (OLMA) absolutely exploded, soaring 123% to $19.01. The surge came after Roche's lidERA Phase 3 trial demonstrated superiority over aromatase inhibitors in treating early-stage breast cancer, essentially validating the entire SERD drug class and significantly reducing development risk for Olema's pipeline.
Ferroglobe PLC (GSM) climbed 17.1% to $4.4050, while Arvinas, Inc. (ARVN) advanced 15.8% to $12.79.
Diginex Limited (DGNX) gained 15.2% to $15.65 after announcing a strategic partnership with EVIDENT Group to integrate its daata capabilities into EVIDENT's platform.
Alumis Inc. (ALMS) rose 8% to $6.02, while Fox Factory Holding Corp. (FOXF) added 7.9% to $14.26.
James Hardie Industries plc (JHX) climbed 7% to $17.89 following better-than-expected second-quarter results. The company also announced Ryan Lada as its new CFO.
Ardent Health, Inc. (ARDT) gained 7% to $8.86 after unveiling a $50 million share repurchase program authorization.
Cogent Communications Holdings, Inc. (CCOI) surged 6.6% to $19.74 on news that the company plans to resume its stock buyback program.
Ondas Holdings Inc. (ONDS) rose 3.3% to $6.46 after completing its previously announced acquisition of Sentry CS Ltd.
