Shares in Aconex Ltd [ASX:ACX] rose 44% yesterday, on the back of a $1.6 billion takeover offer by US tech giant Oracle. Why the share price rise?
On 1 December, Amazon signed a global agreement with GetSwift Ltd [ASX:GSW] to optimise their delivery system. But GetSwift’s 5% share price rise this morning was unrelated to Amazon.
This morning Aconex Ltd [ASX:ACX], a billion-dollar construction software company, jumped up 44%. What caused the share price rise?
With a market cap of over $5 billion, A2M is one of the largest listed infant formula and milk companies. Could smaller competitor Wattle Health Australia Ltd [ASX:WHA] experience the same success?
A global agreement with Amazon is a huge deal. However, there’s a whole lot we don’t know about the agreement. For one, we don’t know the amount Amazon will pay for GetSwift’s services. There’s a lot of uncertainty surrounding the deal.
Appen Ltd [ASX:APX] has been one of the hottest stocks this year. The stock now trades for more than 43-times earnings. Could the stock climb even higher on the back of the company’s most recent acquisition?
Canada is now one step closer to legalising weed. Today, the House of Commons has passed bill C-45, the bill that’s set to make marijuana legal in the country.
Automotive retailer Automotive Holdings Group Ltd [ASX:AHG] jumped almost 7% to $3.69 per share in trade today. What caused the share price spike?
Looking through stocks that hit 52-week lows yesterday, Domain Holdings Australia [ASX:DHG] stood out like a sore thumb. That’s the same Domain group that spun off from Fairfax Media.
While it might be too early to jump in and thumb your nose at the Amazon effect. Keep an eye out for turning points like the above. That is, when you see buying on negative news. It means the news wasn’t as bad as expected. Often this is a turning point.