In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has put yesterday’s heavy fall behind it and is up 0.8% to 5,736 points.
Four shares which have climbed more than most today are listed below. Here’s why they have stormed higher:
The iSentia Group Ltd (ASX: ISD) share price has climbed almost 6% to $2.25 after a research note out of Deutsche Bank revealed that its analysts have upgraded the media monitoring company’s shares to a buy rating. However, today’s strong gain does mean that iSentia’s shares have now hit its price target of $2.25.
The Kogan.com Ltd (ASX: KGN) share price has jumped over 6% to $2.18 after the online retailer advised that it had a strong finish to the year. According to the release, the strong trading it had experienced earlier in the year continued in the fourth quarter. This led to the company exceeding its revised management budgets and producing net operating cash flows of $9.9 million.
The Newcrest Mining Limited (ASX: NCM) share price is up 3.5% to $20.45 thanks to a slight lift in the gold price overnight. The majority of Australia’s leading gold miners have put on solid gains today, taking the gold miner’s index higher by almost 2% in afternoon trade.
The Super Retail Group Ltd (ASX: SUL) share price has climbed 3.5% to $8.72 after the retailer announced plans to ditch the Amart Sports brand. The company will instead focus on the Rebel Sports brand, rebranding old Amart Sports stores by November 1. I believe this was a good move by management and think it’s another reason to consider an investment in the retailer.
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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Super Retail Group Limited. 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 Bruce Jackson.