In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1.8% to 8,633.8 points.
Four ASX shares that are rising more than most today are listed below. Here’s why they are climbing:
Arafura Rare Earths Ltd (ASX: ARU)
The Arafura Rare Earths share price is up almost 10% to 30.7 cents. This morning, this rare earths developer announced binding agreements with two cornerstone investors which secure equity subscriptions totalling approximately $230 million. Commenting on the equity subscriptions, Arafura’s managing director, Darryl Cuzzubbo, said: “Today marks a transformational milestone for Arafura and the Nolans Project. The execution of binding equity subscriptions from these two government agencies is a powerful endorsement of the strategic importance of Nolans to western supply chains.”
Eagers Automotive Ltd (ASX: APE)
The Eagers Automotive share price is up 8% to $24.38. This follows the release of an update from the automotive retailer this morning. Eagers Automotive revealed that it has entered into a non-binding term sheet with the owners of Grand Motors Group to acquire 49% of their interest in a portfolio of dealerships located on the Gold Coast and in Metro Sydney. It is a multi-brand dealership group generating consolidated revenue of approximately $490 million for the 12 months ended December 2025.
Life360 Inc (ASX: 360)
The Life360 share price is up 6% to $19.91. Investors have been buying this family safety technology company’s shares on Wednesday following a strong rise by its NASDAQ-listed shares overnight. This was driven by improving investor sentiment amid optimism that the war in the Middle East could soon end. The technology sector is having a particularly strong session. This has seen the S&P/ASX All Technology Index rise 3% today.
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is up 3.8% to $121.36. As well as benefiting from a rebound in the tech sector today, this health imaging technology company’s shares have been boosted by an announcement. Pro Medicus revealed that it is undertaking an on-market share buy-back. The maximum number of shares that the company can buy back is 10.45 million, according to the notice. However, due to its current share price, the actual figure will almost certainly be lower than this.
The post Why Arafura Rare Earths, Eagers Automotive, Life360, and Pro Medicus shares are racing higher today appeared first on The Motley Fool Australia.
Should you invest $1,000 in Life360 right now?
Before you buy Life360 shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Life360 wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Why are ASX 200 tech stocks like WiseTech and Life360 going gangbusters on Wednesday?
- Which ASX rare earths company’s shares are trading higher on new funding news?
- Why this ASX giant’s shares just hit the accelerator today
- How to invest during an ASX share bear market when you’re worried about prices falling more
- Buy, hold, sell: BHP, CBA, and Pro Medicus shares
Motley Fool contributor James Mickleboro has positions in Life360 and Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Eagers Automotive Ltd and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.