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.
The post Why Webjet, Whispir, Whitehaven Coal, and Woodside shares are pushing higher appeared first on The Motley Fool Australia.
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More reading
- Biden taps oil reserve. What could this mean for ASX oil shares?
- These top brokers say the BHP (ASX:BHP) share price is a bargain buy
- Why is the Whispir (ASX:WSP) share price rocketing 14% higher?
- Webjet (ASX:WEB) share price on watch after reporting huge first half growth
- 5 things to watch on the ASX 200 on Wednesday
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.
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