The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday and charging higher. In late morning trade, the benchmark index is up a solid 1% to 6,730.4 points.
Four shares that are climbing more than most today are listed below. Here's why they are zooming higher:
Bingo Industries Ltd (ASX: BIN)
The BINGO share price has surged 21.5% higher to $3.33 after a much-speculated takeover approach was made for the waste management company. This morning BINGO revealed that it has received an unsolicited, highly conditional, non-binding, indicative proposal from funds advised by CPE Capital. The indicative cash price currently offered to BINGO shareholders under the proposal is $3.50 per share.
Creso Pharma Ltd (ASX: CPH)
The Creso share price is up 9% to 24 cents following the release of another sales update. According to the release, the cannabis company has received a repeat order from Virbac Switzerland for its leading range of animal health products anibidiol. Combined with other recent orders, management expects this to lead to revenue of almost $1.1 million for the first half of FY 2021.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price has jumped 6% to $88.12. This appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has upgraded the pizza chain operator's shares to an outperform rating with a $90.30 price target. It believes the company is winning market share from its rivals and feels it is well placed for growth.
Tyro Payments Ltd (ASX: TYR)
The Tyro share price has stormed almost 17% higher to $2.71. Investors have been buying the company's shares after it responded to a short seller attack this morning. Tyro stated that Viceroy Research's claims are false. This includes the allegation that 50% of Tyro's payment terminals had been bricked by a software update.
