The S&P/ASX 200 index is on course to finish a stunning week on a positive note. In afternoon trade the benchmark index is up 0.5% to 7,077.3 points.
Four shares that are climbing more than most today are listed below. Here's why they are ending the week on a high:
The Costa Group Holdings Ltd (ASX: CGC) share price is up 5% to $2.71. The catalyst for this appears to be a note out of UBS on Thursday. It retained its buy rating and $3.25 price target on the horticulture company's shares. The broker believes that trading conditions improved for Costa in December. As a result, it feels it can achieve its calendar year 2019 guidance.
The ELMO Software Ltd (ASX: ELO) share price has jumped 10% to $6.92. This is despite there being no news out of the cloud-based HR and payroll software provider. However, last month analysts at Morgan Stanley released a bullish broker note relating to ELMO. It has an overweight rating and lofty $9.00 price target on its shares.
The Sezzle Inc (ASX: SZL) share price has rocketed 17% higher to $2.07. This morning the buy now pay later provider revealed the California Department of Business Oversight (DBO) has now formally approved its application for a lending license in the State of California. This follows an announcement at the start of the month revealing that the DBO would deny its application due to alleged "illegal unlicensed lending in the state."
The Zip Co Ltd (ASX: Z1P) share price is up over 3% to $3.85. This buy now pay later provider's shares have been pushing higher this week following the release of its quarterly update. Zip Co announced record quarterly transaction volumes of $562.6 million. This was an 85% increase on the prior corresponding period and 40% higher than the previous quarter. At the end of the period its annualised transaction volumes stood at $2.3 billion.
