Why is Pelthos Therapeutics stock rallying today?

Recent market activity shows contrasting trends for three companies. Gildan Activewear is experiencing a significant stock plunge today. In contrast, La-Z-Boy is seeing its stock surge, indicating strong positive momentum. Similarly, Pelthos Therapeutics is witnessing a stock rally. These movements reflect the current volatility and varying performance levels across different sectors, as Gildan Activewear faces a decline while La-Z-Boy and Pelthos Therapeutics both achieve notable gains in their respective share prices today.