These 3 ASX tech shares had a cracking day on the ASX today

Group of people cheer around tablets in office

Group of people cheer around tablets in office

It ended up being a very pleasing end to the week for ASX investors this Friday. As of market close, the All Ordinaries Index (ASX: XAO) has closed up a healthy 0.59% at 7,250.3 points. But many ASX tech shares fared even better.

So let’s check out three that had an absolutely cracking end to the trading week on the ASX today.

3 ASX tech shares that had a cracking day on the ASX today

Novonix Ltd (ASX: NVX)

Our first ASX tech share to check out is battery tech company Novonix. Novonix shares had a corker rising a pleasing 13.65% to $3.08 a share over today’s session.

This staggering move was despite a complete absence of any news out of the company, as my Fool colleague Bronwyn covered earlier. This latest move means that the Novnix share price is now up more than 32% over the past month alone.

Saying that, the company remains down a painful 70% or so over 2022 thus far. Its current 52-week high of $12.47 still looks like a long way off too.

Weebit Nano Ltd (ASX: WBT)

Next up is ASX tech share Weebit Nano. Weebit Nano shares enjoyed more than a (apologies) wee bit of a gain today. The semiconductor company rose an impressive 9.06% over today’s session to finish up at $3.01 a share.

There’s been no news out of this company since its investor presentation that was released on Monday. This was initially poorly received. But since Tuesday, Weebit Nano shares have risen by more than 12%, so perhaps investors have changed their minds.

Life360 Inc (ASX: 360)

Finally, we have location-sharing software company Life360. As you might guess, Life360 shares also had a very successful trading day this Friday.

The company ended up closing at $4.96 a share, up a healthy 5.76%. This one is a little more of a mystery. The company hasn’t put out much in the way of news at all in recent weeks. Yet it has risen close to 15% since Wednesday this week.

Perhaps the bullish broker note my Fool colleague James went through late last month could have played a role. Broker Bell Potter rated the company as a “buy”, with a share price target of $7.50. That might have tempted a few buyers this week.

The post These 3 ASX tech shares had a cracking day on the ASX today appeared first on The Motley Fool Australia.

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

See The 5 Stocks
*Returns as of July 7 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];[property] = defaultValue;

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);

More reading

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s