Gold Prices Sit Red On Year, Traders Refuse To Abandon The Metal
After one of the most spectacular runs in it’s history last year, gold prices are cooling off, and the ripple effects are being felt across the mining sector. Gold has pulled back sharply from the record highs it posted earlier this year, with spot prices now sitting around $4,050 per ounce, down roughly 6.5% year-to-date,…
Fortescue Shares Hit Multi-Year Low Following Update: The Latest Look
Fortescue Ltd shares (ASX: FMG) have fallen to their lowest level in years, as the quarterly operational update revealed a 6% year-on-year iron ore shipment decline, and operating costs that have already broken above full-year guidance. The combination of unsold inventory, margin compression, and a tripling of net debt has rattled markets, and accelerated the…
IAG Shares Hit New 52 Wk High, On Course For Third Week of Gains
IAG shares (ASX: IAG) made a new 52-week high at A$8.91 today, before closing the day out with a 1.95% gain at A$8.89. The move extends what has become a sustained upward trend for Australia’s largest general insurer, with the stock now up 3.73% week-to-date and on course for its third consecutive week of gains….
Magellan Financial Shares Hit New Low: Ticker Change Approved
Magellan Financial Group, now officially rebranding to Barrenjoey Group Limited, tumbled towards the bottom of the ASX 200 today after management flagged a materially weak start to FY27, rattling markets already wary of the stock’s prolonged multi-year decline. The combination of a sharp drop in trading revenue, contracting assets under management, and persistent outflows from…
NextDC Shares Flip From ASX 200 Laggard to Leader
NextDC shares (ASX: NXT) staged a partial recovery today, reclaiming top spot on the ASX 200 just 24 hours after suffering one of the index’s most brutal single-day selloffs in recent memory. The rebound, driven by bargain hunters and a high-profile analyst defence from Macquarie, does little to erase the damage but raises serious questions…
ResMed Shares Gaining Steam Ahead of Earnings
ResMed shares (ASX: RMD) added 2.02% yesterday to close at $34.89, before pulling back 0.32% today to S$34.78, a 36.8% recovery off the lows four months ago. Momentum has been clear to see, with the chart below highlighting what has been a dramatic year of reversal. After a 28% drop through the first five months…
Cochlear Shares Enjoy Four Day Bounce Ahead of AGM
Cochlear shares (ASX: COH) are on a four day green streak that has added 9.91% to A$141.47, as investors continued to rotate back into large-cap healthcare ahead of the company’s annual general meeting next week. It has been a volatile year for holders, with the COH share price having fallen 65% through the first four…
Telix Pharmaceuticals Shares Fall Back on Update, Trend Remains In Tact
Telix Pharmaceuticals shares (ASX: TLX) fell 7.87% following its third-quarter revenue update, as markets focused on a modest dip in group revenue despite the company tracking toward the top end of its full-year guide. The Telix share price fell A$1.24, or 7.87%, to close at A$14.52 following the print having gapped up at the open…
Woodside Energy Shares Hold Firm Following Update
Woodside Energy (ASX: WDS) delivered a solid third-quarter trading update, with strong LNG pricing and operational reliability set against a modest trim to full-year production guidance. The result was steady, as Woodside’s share price closed 0.41% higher at A$33.96 amid what has been a mighty year for holders. WDS opened lower on Wednesday following the…
Sigma Healthcare Shares Sit Between Two Key Levels, In Battle For Direction
Sigma Healthcare shares (ASX:SIG) are a technical inflection point, after a 14% rebound off multi-month lows ran into resistance at the 200-day moving average. The stock is now consolidating between two closely watched support and resistance levels in a period that could well define the remainder of calendar 2026. The SIG share price back 2.83%…
