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U.S. stocks were higher, with the Dow Jones index gaining around 150 points on Wednesday.

Shares of GMS Inc. (NYSE:GMS) rose sharply during Monday's session after the company reported better-than-expected fourth-quarter financial results.

Topping analyst estimates of $1.30 billion, the company announced quarterly net sales of $1.33 billion, a 5.6% decrease from a year ago. The specialty building products distributor's adjusted EPS of $1.29 was above the consensus of $1.11.

GMS shares climbed 9.9% to $80.51 on Wednesday.

Here are some other big stocks recording gains in today’s session.

• LZ Technology Holdings Limited (NASDAQ:LZMH) shares jumped 30.3% to $20.76.
• Guild Holdings Company (NASDAQ:GHLD) gained 25.8% to $19.79 after the company announced that it signed a definitive agreement under which a fund managed by Bayview Asset Management will acquire all of the outstanding shares.
• TMC the metals company Inc. (NASDAQ:TMC) gained 23.8% to $6.73.
• Circle Internet Group (NYSE:CRCL) jumped 20.2% to $179.24. The move higher appears directly linked to the U.S. Senate's passage of the GENIUS Act, a bill poised to establish clear regulations for the stablecoin industry.
• Symbotic Inc. (NASDAQ:SYM) rose 19.5% to $37.22.
• QXO, Inc. (NYSE:QXO) climbed 16.4% to $23.45 after William Blair initiated coverage on the stock with an Outperform rating.
• Oscar Health, Inc. (NYSE:OSCR) gained 16.1% to $18.71.
• Coinbase Global, Inc. (NASDAQ:COIN) climbed 16% to $294.92 after the company announced the launch of its Coinbase Payments stablecoin payments stack.
• Genworth Financial, Inc. (NYSE:GNW) gained 14% to $7.79 after Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform and raised its price target from $8.5 to $9.
• Upstart Holdings, Inc. (NASDAQ:UPST) rose 10.6% to $59.07.
• Bausch Health Companies Inc. (NYSE:BHC) gained 8.4% to $6.21 after director John Paulson disclosed the purchase of stock.
• Sandisk Corporation (NASDAQ:SNDK) rose 6.6% to $47.03. B of A Securities analyst Wamsi Mohan initiated coverage on SanDisk with a Buy rating and announced a price target of $61.

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