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Liontown’s Shares 50% Up From Recent Lows, Remains Firmly Down On YTD

Liontown Resources’ stock price (ASX: LTR) has been making some steady gains, and bouncing off recent lows in September. After a challenging 2024 so far, with shares having fallen 50% on the year, the stock is now trading at 84 cents having made gains of 50% from the low of 56c set less than two…

Ampol Shares (ASX:ALD) Hit 52 Week Lows Before Push

Ampol’s share price (ASX: ALD) gapped down sharply today, opening almost 5% lower, and marking a new 52-week low of $27.68 in the early part of trading. The significant decline is a direct reaction from investors to the company’s latest third-quarter update that highlighted several areas of concern, yet the stock did rally through the…

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REA Group Shares Close To New Highs As Morgan Stanley Set Healthy Price Target

REA Group shares (ASX: REA), traded on ASX under the ticker symbol REA got within 52c of a new 52 week highs in trading today at A$221.10 before ending up 0.5% at A$219. With gains of 40% for REA’s share price over the past 12 months, bulls will be pleased to see analyst coverage from…

All Ords & ASX 200 In Touching Distance Of Highs

The ASX 200 kicked off the week on a strong note, as it closed 0.47% higher and moved back within touching distance of highs. The All Ords edged within 5 points of the record highs, gaining 0.45%, and signaling robust investor confidence across the leading Aussie indices. One of the big movers of the day…

IAG Announces Directorial Change

Insurance Australia Group Limited (ASX:IAG), a prominent player in the insurance industry, has announced a significant change in its boardroom dynamics. After serving the company, Jonathan Bryant Nicholson has ceased to be a director at Insurance Australia Group Limited at the end of last week. The departure of a director is always a significant event…

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Megaport (ASX:MP1) Brings NaaS to Milan

Megaport shares (ASX: MP1) has given holders a bumpy ride in 2024, with gains of more than 60% through the first quarter of the year now firmly in the rear-view mirror. Where the first five months of the year brought significant gains to the stock, the last five has seen MP1’s price fall by 50%,…

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Piedmont Lithium Shares (PLL) Continue Fightback From Recent Lows

Piedmont Lithium’s share price (ASX: PLL) gained an impressive 10.81% in trading today, as the stock continues to fight back against bearish sentiment that had seen 52 week lows of $0.10 set one month ago. Investors witnessed its value leap from $0.185 to $0.207 cents in late morning trade before settling at $0.20 for the…

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TechnologyOne Shares (TNE) Hitting New 52 Wk Highs

Shares of Australian software company TechnologyOne (ASX: TNE) made a fightback in trading over the past two days, gaining 0.41% today, to add to the 1.4% gain on Wednesday. The dip to start the week followed an unfavourable analysis from global investment firm Goldman Sachs. The firm’s stance on TechnologyOne switched from a ‘Buy’ rating…

Rio Tinto Set to Bolster Lithium Capacity With Arcadium Acquisition

International mining conglomerate Rio Tinto (ASX:RIO) is poised to significantly enhance its lithium production capabilities through the acquisition of Arcadium Lithium (NYSE:ALTM), after reaching a definitive agreement. The ambitious move, valued at US$6.7 billion, will take the form of an all-cash transaction at US$5.85 per Arcadium share. This bid underlines Rio Tinto’s commitment to becoming…

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HMC Capital Shares Hit 52 Week High As Goldman Initiate Coverage with a ‘Buy’

Goldman Sachs has just launched coverage on HMC Capital (ASX: HMC), stamping the alternative asset manager with a confident Buy rating and a price target of A$8.94. With HMC Capital’s shares having added an impressive 41.61% on a YTD basis, the endorsement adds an additional layer of confidence into an already bullish phase that has…