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We recently published an article titled Excellent Earnings Propelled Prices of These 10 Firms. In this article, we are going to take a look at where Acadia Healthcare Company, Inc. (NASDAQ:ACHC) stands against the other stocks that soared on Wednesday.
The stock market finished Wednesday's trading on a lackluster note, with the three major indices finishing mixed, as investors digested news of the US economy’s contraction in the first quarter of the year that triggered fears of a possible recession.
Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent.
Ten firms, on the other hand, managed to record strong gains, thanks to impressive earnings performance and optimistic outlooks for the rest of the year.
We have named 10 of the top-performing stocks on Wednesday and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A healthcare professional discussing a treatment plan with a patient in an outpatient clinic.
Acadia Healthcare Company, Inc. (NASDAQ:ACHC)
Acadia Healthcare Company, Inc. (NASDAQ:ACHC) rallied by 4.70 percent on Wednesday to close at $23.40 apiece as investors resorted to bargain-hunting amid oversold conditions while repositioning portfolios ahead of its first quarter earnings release.
Year-to-date, the company’s share price has already marked a whopping 40.98 percent decline, giving opportunities for investors to buy its shares at cheap valuations.
Meanwhile, the company said that it will announce the result of its first quarter earnings performance after market close on Monday, May 12, 2025.
On April 9, Guggenheim analyst Jason Cassorla initiated coverage of Acadia Healthcare Company, Inc. (NASDAQ:ACHC) with a Buy rating and a $36 price target, amid the company being a leading pure-play behavioral health provider with a strong position to capitalize on the increasing demand for mental health services.
Overall ACHC ranks 8th on our list of the stocks that soared on Wednesday. While we acknowledge the potential of ACHC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ACHC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.