Why Kogan, St Barbara, Washington H. Soul Pattinson, & WiseTech Global stormed higher

The Kogan.com Ltd (ASX:KGN) share price and the WiseTech Global Ltd (ASX:WTC) share price are two of four storming higher on Monday…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 index has started the week on a very positive note. In afternoon trade the benchmark index is up 0.5% to 6,549.6 points.

Four shares that have climbed more than most today are listed below. Here's why they have stormed higher:

The Kogan.com Ltd (ASX: KGN) share price has jumped 5% to $6.63 despite there being no news out of the fast growing ecommerce company. This gain could be a delayed reaction to Kogan's launch of a credit card late last week. The Kogan Money Black Card has no annual fee and provides 1 reward point per $1 spent on eligible purchases.

The St Barbara Ltd (ASX: SBM) share price has risen 4% to $2.86. This morning its joint venture partner, gold explorer Alice Queen Limited (ASX: AQX), announced that it has completed a soil and rock chip geochemical sampling program across its Horn Island project. The results of the assays are due to be released in the next few weeks, but it appears that some investors are optimistic that they will be strong.

The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price has surged over 6% to $22.13 despite there being no news out of investment house. However, prior to today its shares were down by over 34% from their 52-week high. Some investors may believe they have been oversold and are now in the buy zone.

The WiseTech Global Ltd (ASX: WTC) share price has raced 4% higher to $34.91. Investors have been buying WiseTech Global and a number of other popular tech shares today after a positive finish to the week by the Nasdaq index on Friday. The technology-focused index finished the week with a 1.4% gain. The local tech sector has followed its lead today, with the S&P/ASX 200 Info Tech up by a sizeable 1.5% this afternoon.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of WiseTech Global. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Industrials Shares

Up 39% in a year, is there more growth to come for this ASX 200 share?

IML Equity Analyst Josh Freiman shares his views on a major ASX 200 industrial stock.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Catapult, Flight Centre, Nufarm, and Xero shares are storming higher today

These shares are having a strong session on Thursday. But why? Let's find out.

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Healthcare Shares

3 ASX healthcare shares going gangbusters on Thursday

Investors are sending these ASX healthcare stocks soaring today. But why?

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 made it three-for-three losses in a row this Wednesday.

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Brickworks, James Hardie, Megaport, and OFX shares are charging higher today

These shares are having a good time on hump day. But why?

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors endured another day of selling this Tuesday.

Read more »

Man pointing at a blue rising share price graph.
Technology Shares

Guess which ASX 300 tech stock is already up 64% in November!

The ASX 300 tech stock is surging higher this month. But why?

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ANZ, Block, Neuren, and Pilbara Minerals shares are pushing higher today

These shares are having a solid session on Tuesday. But why? Let's find out.

Read more »