Why Perenti, Pointsbet, ResMed, and Telix shares are rising today

These ASX shares are starting the week in a positive fashion.

| More on:
Arrows pointing upwards with a man pointing his finger at one.

Image source: Getty Images

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 (ASX: XJO) has started the week in a positive fashion. In afternoon trade, the benchmark index is currently up 0.5% to 7,343.3 points.

Four ASX shares that are climbing more than most today are listed below. Here's why these ASX shares are rising:

Perenti Ltd (ASX: PRN)

The Perenti share price is up 9% to $1.26. Investors have been buying this mining contractor's shares after its UMA joint venture won a major underground mining services contract. UMA has been awarded a new ~$630 million, 60-month contract at the Newmont Subika underground gold mine in Ghana.

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price is up 17% to $1.82. This sports betting company's shares are rebounding strongly after being sold off on Friday following the release of its quarterly update. Speculation that its North American business could be sold appears to be giving its shares a boost.

ResMed Inc. (ASX: RMD)

The ResMed share price is up 6% to $35.67. A number of brokers have responded very positively to this sleep treatment company's quarterly update from the end of last week. For example, Citi has retained its buy rating and lifted its price target to $40.50 and Macquarie has retained its outperform rating with an improved price target of $38.00.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price is up 3% to $10.47. This morning, this radiopharmaceuticals company released additional positive results from its completed pivotal Phase III ZIRCON study of TLX250-CDx in clear cell renal cell carcinoma. New data confirms its efficacy in masses 2cm or smaller.

Motley Fool contributor James Mickleboro has positions in Telix Pharmaceuticals. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PointsBet and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool Australia has recommended PointsBet. 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

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Liberty, Lovisa, Novonix, and SG Fleet shares are storming higher today

These shares are starting the week strongly. But why? Let's find out.

Read more »

Young girl drinking milk showing off muscles.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a great end to the trading week for ASX investors today.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Share Gainers

3 ASX 200 stocks smashing the benchmark this week

These three ASX 200 stocks are leading the charge this week. Here’s how.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why A2 Milk, EOS, GQG, and Mineral Resources shares are racing higher today

These shares are ending the week strongly. But why?

Read more »

A man wearing a red jacket and mountain hiking clothes stands at the top of a mountain peak and looks out over countless mountain ranges.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another disappointing day for ASX investors this Thursday.

Read more »

two men smiling with a laptop in front of them, symbolising a rising share price.
Share Gainers

Why Pinnacle, PWR, Race Oncology, and Vulcan shares are flying today

These shares are having a good session on Thursday. But why?

Read more »

A beautiful woman holds up one finger with one hand and has her hand on her waist with the other as she smiles widely as though she is very pleased about something.
Share Gainers

Why Boss Energy, Emeco, Mineral Resources, and Plenti shares are pushing higher today

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

Read more »

Three small children reach up to hold a toy rocket high above their heads in a green field with a blue sky above them.
Share Gainers

3 ASX 300 shares going gangbusters on Wednesday

Investors are bidding up these three ASX 300 shares today. But why?

Read more »