It has been a mixed day of trade for the S&P/ASX 200 index on Tuesday. In afternoon trade the benchmark index is trading ever so slightly higher at 6,851.9 points.
Four shares that have climbed more than most today are listed below. Here's why they are storming higher:
The Appen Ltd (ASX: APX) share price has climbed 4% to $24.54. Appen's shares have been strong performers this week despite there being no news out of the content relevance provider. However, some investors may believe that recent share price weakness is a buying opportunity. Especially given its recent guidance upgrade.
The Pro Medicus Limited (ASX: PME) share price is up over 4.5% to $23.44. On Monday the healthcare technology company provided an RSNA update. CEO Sam Hupert reiterated that the company is trading comfortably ahead of its target year to date. Pleasingly, the chief executive said "there is nothing to indicate that this trend won't be sustained."
The SRG Global Ltd (ASX: SRG) share price is up 4% to 41.5 cents despite there being no news out of it. But as I wrote here yesterday, Commonwealth Bank of Australia (ASX: CBA) has been buying the shares of the engineering-led specialist construction, maintenance and mining services company recently. The banking giant has lifted its interest in SRG Global from 7.43% to 8.48% through the purchase of over 5 million shares earlier this month.
The Wagners Holding Company Ltd (ASX: WGN) share price has risen a sizeable 7% to $2.45. This strong gains appears to be in response to a major contract win that was announced on Monday. The contract is for the supply of precast concrete tunnel segments for the Brisbane Cross River Rail project's Tunnel and Stations Works package. Tunnelling works are planned to commence in FY 2021. Management estimates the contract to be worth $40 million.
