Why Cashrewards, Doctor Care Anywhere, Kogan, & Treasury Wine are pushing higher

Cashrewards Pty (ASX:CRW) and Kogan.com Ltd (ASX:KGN) shares are two of four charging higher on Friday…

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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to finish the week on a positive note. At the time of writing, the benchmark index is currently up 0.3% to 6,634.3 points.

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

Cashrewards Pty (ASX: CRW)

The Cashrewards share price is up 4.5% to $2.06. Investors have been buying the cashback rewards platform provider's shares after the release of a trading update. According to the release, Black Friday was the biggest single trading day in Cashrewards' history. Unique shopping members were up 83% and transactions were up 54% compared to the prior corresponding period.

Doctor Care Anywhere Group PLC (ASX: DOC)

The Doctor Care Anywhere share price has zoomed 20% higher to 96 cents after hitting the ASX boards this morning. The UK-based telehealth company listed on the Australian share market after raising $102 million at 80 cents per share. Doctor Care Anywhere is committed to delivering high-quality, effective, and efficient care to its patients, whilst reducing the overall cost of providing clinical services.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up 3% to $17.84. This appears to have been driven by a broker note out of Credit Suisse. This morning its analysts upgraded the ecommerce company's shares to an outperform rating with a $20.60 price target. This follows the announcement of the acquisition of Mighty Ape for $122 million.

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is up 3.5% to $9.08. This is despite there being no news out of the wine company today. However, with its shares sinking notably lower this week, it appears as though some investors believe they have fallen into the bargain bin. The Treasury Wine share price was hammered after China slapped significant tariffs on its exports.

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 Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia has recommended Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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