The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is finishing the week strongly and in afternoon trade finds itself up 0.3% to 5,802 points.
Four shares which have been big movers today are listed below. Here's why their respective share prices have surged higher:
The Baby Bunting Group Ltd (ASX: BBN) share price has charged 4% higher to $2.11 despite there being no news out of the baby products retailer. Despite a strong first-half result, its shares have fallen sharply in the last month. It would appear as though investors now think the retailer's shares have fallen into bargain territory. I would agree with them and believe Baby Bunting is good value at the current share price.
The Myer Holdings Ltd (ASX: MYR) share price has reversed yesterday's decline and is higher by over 5% to $1.14. The department store operator's shares were given a boost today after analysts at Macquarie upgraded it to an outperform rating with a $1.21 price target. Despite a drop in sales in the first-half, the broker was impressed with the progress it has made at cutting costs.
The Orocobre Limited (ASX: ORE) share price has jumped 6% to $2.95 despite there being no major news out of the lithium miner. One little bit of news out of the company is that investment bank UBS has been snapping up shares on recent weakness. It now holds approximately 5.1% of the company.
The Slater & Gordon Limited (ASX: SGH) share price has rocketed 35% to 12 cents after the embattled law firm provided the market with an update on its capital structure. According to the release its senior lenders intend to implement a solvent restructure of the company. Furthermore, they aim to work with it to enter into binding agreements to reset its debt structure, ensuring Slater & Gordon has a sustainable level of debt.
