The stock is now trading 20.4% above the 14-year closing low of $18.89 on Sept. 6. That puts the stock on track for its first "bull market," which many on Wall Street define a rally of at least 20% off a bear-market low, since it peaked at a 21-month closing high of $50.76 on Dec. 27, 2023.

Wall Street is holding near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.

The S&P 500 and Dow ended at record highs on Tuesday, shrugging off weak consumer confidence data, as mining stocks surged following China's announcement of a sweeping stimulus package. The indexes initially trimmed gains after a report from the Conference Board revealed an unexpected decline in U.