Why Webjet, Whispir, Whitehaven Coal, and Woodside shares are pushing higher

Here’s why these ASX shares are pushing higher…

| More on:
A young man wearing glasses and a denim shirt sitting at his desk and raises his fists and screams with delight as he watches his ASX shares go up in value on his laptop.

Image source: Getty Images

In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up 0.15% to 7,420.9 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Webjet Limited (ASX: WEB)

The Webjet share price is up almost 1.5% to $5.66 following the release of the online travel agent’s half year results. For the six months ended 30 September, Webjet experienced a significant improvement in booking volumes. This was particularly the case for its WebBeds business, which is now producing positive cash. This led to Webjet recording TTV of $663 million and revenue of $55.4 million for the period. This was more than double what it achieved in the first half of FY 2021.

Whispir Ltd (ASX: WSP)

The Whispir share price has jumped 12% to $2.35. Investors have been buying the cloud-based communications platform provider’s shares after it upgraded its guidance for FY 2022. Whispir now expects its revenue to be in the range of $64 million to $68 million in FY 2022. This represents a year on year increase of between 34% and 42%. Its prior guidance was for revenue in the range of $57.2 million to $60.2 million.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up almost 3% to $2.57. This may have been driven by a rise in coal prices. According to CommSec, the thermal coal price rose 1.9% or US$3.00 to US$157 per tonne overnight.

Woodside Petroleum Limited (ASX: WPL)

The Woodside share price is up 2.5% to $22.97. Investors have been buying this energy producer’s shares after several brokers responded positively to its update on plans to merge with the petroleum assets of BHP Group Ltd (ASX: BHP). UBS, for example, has retained its buy rating and lifted its price target on the company’s shares to $28.30.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor 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 and has recommended Whispir Ltd. The Motley Fool Australia has recommended Webjet Ltd. and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

Young woman in yellow striped top with laptop raises arm in victory
Share Gainers

These were the best performing ASX 200 shares last week

The S&P/ASX 200 Index (ASX: XJO) had a week to forget after the US Federal Reserve indicated that it would start to …

Read more »

An oil miner with his thumbs up.
Energy Shares

Why are AGL (ASX:AGL) shares having such a stellar start to 2022 while the ASX 200 is struggling?

Key points AGL was one of the worst performing ASX 200 shares of 2021 But 2022 has given this company …

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
Share Gainers

Why Champion Iron, Dusk, Hipages, and Imugene shares are charging higher

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is rebounding strongly from recent declines. At the time of writing, …

Read more »

a smiling woman holds up two fingers and winks.
Share Gainers

Top 2 ASX 200 shares of the year so far revealed

S&P/ASX 200 Index (ASX: XJO) shares as a whole haven’t gotten off to the strongest of starts in 2022. After …

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Share Gainers

Why Beach, Jumbo, Premier Investments, and Western Areas are pushing higher

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another disappointing decline. At the time of …

Read more »

A man in a blue collared shirt sits at his desk doing a single fist pump as he watches his Neometals shares rising on his laptop
Resources Shares

Why is the BHP (ASX:BHP) share price leaping ahead today?

The S&P/ASX 200 Index (ASX: XJO) has unfortunately slipped into negative territory so far this Thursday, after an initially strong market …

Read more »

Businessman in suit and holding a briefcase jumps into the sky celebrating the rising Enero share price
Share Gainers

‘Exclusive provider’: Genworth (ASX:GMA) share price leaps 12% on CBA deal

Key points Genworth is cruising today following a company announcement The company has been selected as the exclusive provider of …

Read more »

A group of people cheer at a blackjack table in a casino
Share Gainers

Why the PointsBet (ASX:PBH) share price is rocketing 9% today

Key points The online gambling market continues to grow West Virginia becomes the third US state to host PointsBet’s online …

Read more »