The WPP Aunz Ltd (ASX: WPP) share price is unmoving today after the company’s shareholders voted in favour of a scheme that will see WPP buy back all of the shares it doesn’t own.

At the time of writing, the WPP Aunz share price is back where it started at the market open, trading at 65.2 cents per share.

Wpp Aunz Ltd is a marketing agency in Australia that markets itself as “Australia’s leading creative transformation company”.

It operates in four reportable segments: Global Integrated Agencies, Large Format Production, Public Relations & Public Affairs, and Specialist Communications. The majority of the revenue is generated from the Global Integrated Agencies segment.

WPP’s share buyback scheme

The majority of WPP AUNZ’s minority shareholders voted in favour of the proposed scheme, under which WPP via Cavendish Square Holding BV (an indirect wholly-owned subsidiary of WPP) will acquire all of the company’s shares that it does not already own.

The company said 96.45% of votes cast by its minority shareholders at the scheme meeting (either in person or by proxy) voted in favour of the scheme.

Share buybacks are a fairly low-risk method of a company profiting from its continued growth, assuming continued investment in research and development is impractical as often is the case with marketing agencies. 

WPP management pleased with the result

WPP AUNZ chair Robert Mactier said it was an important step for WPP’s continued progression.

Minority shareholders have overwhelmingly voted in favour of the transaction which was negotiated on their behalf by the Independent Board Committee. 

The significant transaction premium, compared to recent trading levels, was based on an improved outlook for the business which was delivered as a result of the significant work from [CEO] Jens Monsees and the management team in executing on the group’s transformation strategy.

That the business was in a position to both weather the COVID-19 crisis, and emerge as a stronger business, is a credit to Jens and his team. WPP AUNZ will continue to be a strong force in the Asia Pacific region under full ownership by WPP plc.

WPP share price snapshot

The WPP share price rose strongly in December last year and has stabilised since then. It originally surged from 37 to 69 cents per share in the month from November and has remained within 7 cents of that figure since. 

More reading

• WPP Aunz (ASX:WPP) reports quarterly sales drop but reaffirms guidance

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. 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 Bruce Jackson.

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The Telstra Corporation Ltd (ASX: TLS) share price is not having a great day today. A the time of writing, Telstra shares are down 1.47% to $3.34 a share. That’s a disappointing pullback for investors seeing as it was only last week that Telstra was hitting new 8-month highs of $3.48 a share and got mighty close to its 52-week high of $3.54.

Even so, this is an ASX blue chip that climbed more than 30% between 30 October and 12 February. One of the reasons investors could be relatively bullish on the Telstra share price is its 5G rollout.

5G is the next generation technology for mobile internet. It promises to revolutionize connectivity in the same way the shift to 4G technology did years ago by allowing dramatically higher download speed, as well as reduced latency. The problem is that investment in 5G infrastructure is a Herculean task.

Analysis from Ausbil Investment Management recently stated that a 5G network requires “up to 10 times more towers, base stations and macro-cells to provide ‘blanket’ wireless coverage for users to the same reach as 4G”. That means that the telco which is able to put together a 5G network most effectively stands to benefit from this barrier to entry. And, as Ausbil predicts, “an extra leg of growth as the new 5G networks are deployed”.

There is evidence to suggest Telstra is winning the 5G race here in Australia.

Telstra leads 5G race

According to Telstra’s investor day presentation last year, the company estimates it is the “clear market leader… with the best 5G network in the country”. Telstra’s 5G network already covers more than 50% of Australia’s population, and the company tells us that it will hit 75% by June, just 2 months away.

The telco has also stated that, as of February 2021, it has roughly 1 million active 5G devices on its network. It also stated that 5G is already having a positive impact on its mobiles segment. Here is some of what Telstra said on that matter back in its earnings presentation in February:

We continued to see strong customer growth in mobiles. We added 80,000 net retail postpaid mobile services… This is in fact the strongest branded performance in several halves, and it reinforces the benefits of our clear leadership in 5G.

So from all of this, we can reasonably conclude that Telstra’s investment in a 5G network is already paying dividends (pardon the pun). As with all emerging technologies, the full spectrum of benefits that 5G will bring is not entirely clear yet. What we do know is that Telstra seems to be the best-placed telco to harvest those benefits if and when they do appear.

More reading

• 2 ASX dividend shares with fully franked yields of almost 5%
• Why the Telstra (ASX:TLS) share price is a buy today
• ASX 200 Weekly Wrap: ASX 200 hits new post-COVID high
• Beat low interest rates with these top ASX dividend shares
• This underperforming ASX large cap is sitting on a ~10% dividend yield

Motley Fool contributor Sebastian Bowen owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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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The S&P/ASX 200 Index(ASX: XJO) is on course to record a disappointing decline. In afternoon trade, the benchmark index is down 1% to 6,948.3 points.

Four ASX shares that have fallen more than most today are listed below. Here’s why they are tumbling lower:

Challenger Ltd (ASX: CGF)

The Challenger share price is under pressure again and down 7% to $5.18. Investors have been selling the annuities company’s shares since the release of its third quarter update. While Challenger delivered solid asset growth, its margins have come under pressure due to a sharp decline in credit spreads over the year that were not fully reflected in customer pricing. This means the company is only guiding to the low end of its profit guidance range for FY 2021.

Nuix Ltd (ASX: NXL)

The Nuix share price has crashed almost 17% to $4.22. This morning the investigative analytics and intelligence software provider downgraded its FY 2021 guidance just six weeks since reaffirming it. Nuix advised that during April, a significant and larger than expected number of customers elected to transition from module-based subscription licenses to consumption and Software-as-a-Service (SaaS) license models. This has resulted in a shift in both revenue and Annualised Contract Value (ACV) profiles.

Splitit Ltd (ASX: SPT)

The Splitit share price has fallen 6.5% to 79 cents following the release of a disappointing first quarter update. According to the release, For the three months ended 31 March, Splitit achieved Merchant Sales Volume (MSV) of US$82 million. While this was an increase of 247% compared to the same period last year, it was down 5% quarter on quarter from US$86.3 million.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has sunk 8.5% to $10.00. This decline appears to be a delayed reaction to the online furniture and homewares retailer’s third quarter update on Tuesday. Although Temple & Webster is still performing strongly, it warned that it would be focusing on revenue growth and not its earnings for the foreseeable future. It is doing this in order to capture market share.

More reading

• Top brokers name 3 ASX shares to buy today
• Why the Nuix (ASX:NXL) share price is crashing 16% lower today
• Why the Splitit (ASX:SPT) share price is sinking 5% lower today
• Got money to invest? Here are 2 ASX shares to buy
• ASX 200 drops, Challenger plummets, Lynas falls

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 Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Nuix Pty Ltd. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool Australia has recommended Nuix Pty Ltd and Temple & Webster Group 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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The Lynas Rare Earths Ltd (ASX: LYC) share price continues to slide after what initially looked like a good quarterly result on Tuesday.

The Lynas share price has fallen almost 14% this week, today reaching a 2-month low of $5.41 at the time of writing, down 7.6%. 

Didn’t the quarterly result read well?

Lynas’ quarterly results read well at face value. 

Its rare earth oxide and NdPr (Neodymium and Praseodymium) had largely improved to 4,463 tonnes and 1,359 tonnes compared to the respective  3,410 tonnes and 1,367 tonnes produced in the second quarter of FY21 (2Q21).  

Rare earth prices also continued to march higher in the quarter to A$35.5/kg compared to A$29.5/kg last quarter and A$19.8/kg a year ago. 

The company observed that the “rare earths market appears to be recovering well, with both magnet and catalyst sectors experiencing robust demand during the quarter”.

As part of Lynas’ 2025 growth plan, its new Kalgoorlie rare earth progressing facility project continues to push forward with the approval for the start of limited preliminary construction. The company was pleased to hear Prime Minister Scott Morrison publicly state that this project is a “…gold standard example of the cooperation on critical supply chains between Australia and the US.”

Higher production, higher prices, a recovering industry and government recognition. So what exactly is going wrong? 

What’s driving the Lynas share price lower? 

Upon closer inspection, the update shed light on subdued sales due to the impact of the COVID-19 pandemic on trade, and recent shipment delays due to the Suez Canal blockage. 

The company also observed that several Chinese rare earth producers are planning to increase production. Among them, the leading global rare earths supplier Northern Rare Earth, which plans to double production within 3 years. 

Northern Rare Earth accounts for some 60% of China’s total rare earth production. The doubling of its output could very well weigh on prices in the medium to long term. 

The market appears to have swept aside the company’s quarterly achievements and focused more on looming supply woes. Despite today’s fall, the Lynas share price is still up 29% year-to-date. 

More reading

• ASX 200 drops, Challenger plummets, Lynas falls
• Why Altium, Challenger, Lynas, & Sydney Airport shares are sinking
• Lynas (ASX:LYC) share price down 7% despite ‘strong’ quarterly update
• These top 2 ASX 200 shares have thumped the index’s 2021 returns
• ASX stock of the day: The Greenland Minerals (ASX:GGG) share price is up 18% today

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. 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 Bruce Jackson.

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Big brokers have picked out these ASX 200 shares on Wednesday as ones that could outperform the market. 

ASX200 shares with outperform ratings 

Bapcor Ltd (ASX: BAP) 

ASX automotive shares appear to be ticking all the boxes for big brokers. With recent buy ratings for peers such as Eagers Automotive Ltd (ASX: APE) and Super Retail Group Ltd (ASX: SUL). The success has come off the back of tailwinds for the industry.  This includes the changing attitude towards public transport and increased domestic travel. 

Bapcor shares are no exception with Credit Suisse and Macquarie rating its shares as an outperform with a respective $9.25 and $8.90. Bapcor shares are currently fetching $8.23. 

Credit Suisse believes the market is underestimating the durability of Bapcor earnings. In particular, given the underwhelming market reaction to its half-year results. The broker says that, unlike other retailers, Bapcor has a clear path to grow earnings in the near term. 

Mineral Resources Ltd (ASX: MIN) 

Mineral Resources is getting the best of both worlds. This is due to solid demand for its mining services, strong cash flows from its iron ore production, and also ramping up its lithium production capabilities. 

Macquarie is outperform rated on Mineral Resources with a $61.00 target price. The broker believes its Koolyanobbing site has the potential to achieve 13Mtpa of iron ore production in just under five years.

To add some perspective, the company produced a record 14.1Mt of iron ore in FY20 with a 7.4Mt contribution from Koolyanobbing. However, Mineral Resources shares have slumped 3.15% today, trading at $43.64 at the time of writing. 

Western Areas Ltd (ASX: WSA) 

The Western Areas share price has experienced two sharp selloffs this year. Its shares first slumped 16% on 28 January after its quarterly report.  The share price slumped another 13% on 10 March after an $85 million capital raising at a placement price of $2.15 per share. 

Brokers are seeing some upside to Western Areas given its improved production and buoyant nickel prices. 

Credit Suisse and Macquarie rate their shares as an outperform while Morgans upgraded its shares from hold to add. The average target price between the three brokers sits at $2.53. Western Areas shares are currently trading at $2.23. 

More reading

• BHP (ASX:BHP) share price drops despite 10-year iron ore highs
• 2 compelling ASX 200 shares that should be in your portfolio
• ASX 200 down 0.4%: Afterpay delivers stellar Q3 growth, Rio Tinto Q1 update
• These high yield ASX dividend shares are rated as buys
• Why brokers think these 3 top performing ASX 200 shares can beat the market

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor and Super Retail Group Limited. 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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Most weeks, Commonwealth Bank of Australia‘s (ASX: CBA) CommSec brokering platform tells us both the ASX and US shares that are the most popular with its Aussie customers.

Since CommSec is amongst the most popular brokers in the country, this information gives us a useful insight into what the average ASX investor is looking at overseas.

My Fool colleague James Mickloboro already looked at the most popular ASX shares last week yesterday. So here are the top 10 US shares that investors on CommSec were buying and selling last week. This week’s data covers 12-16 April. 

Coinbase shares among most traded US shares on the ASX

1. Coinbase Global Inc (NASDAQ: COIN) – representing 9.3% of total trades with a 98%/2% buy-to-sell ratio.
2. Tesla Inc (NASDAQ: TSLA) – representing 4.9% of total trades with a 72%/28% buy-to-sell ratio.
3. GameStop Corp. (NYSE: GME) – representing 2.9% of total trades with an 84%/16% buy-to-sell ratio.
4. Apple Inc (NASDAQ: AAPL) – representing 2.3% of total trades with a 65%/35% buy-to-sell ratio.
5. Palantir Technologies Inc (NYSE: PLTR) – representing 2.1% of total trades with a 77%/22% buy-to-sell ratio
6. Nio Inc – ADR (NYSE: NIO)
7. Alibaba Group Holding Ltd – ADR (NYSE: BABA)
8. Microsoft Corporation (NASDAQ: MSFT)
9. NVIDIA Corporation (NASDAQ: NVDA)
10. AMC Entertainment Holdings Inc (NYSE: AMC)

What can we learn from these trades?

Well, the elephant in the room this week is Coinbase, which evidently made quite the impression on ASX investors when it listed on the Nasdaq exchange last week. After a dramatic pop to nearly US$430 a share upon listing, Coinbase shares have dropped significantly in the aftermath, and have bumbled along at around US$320-330 a share ever since. That hasn’t stopped nearly 10% of total CommSec trades executing in this company though, and ASX investors seem to be very bullish on this company, judging by the 98%/2% buy-to-sell ratio.

Coinbase has knocked Tesla off of the top of the pile too, after weeks and weeks of the electric vehicle and battery manufacturer dominating ASX investors attention. In last week’s report, Tesla represented 6.2% of total trades, but it was only 4.9% this week.

Tesla’s Chinese rival Nio has also suffered, even being knocked out of the ‘top 5’ for the first time in months.

We still see significant ASX investor interest (particularly on the buying side) in GameStop though, despite this company continuing to slide in price. Since 12 March, GameStop is now down more than 40%.

Data mining company Palantir also seems to be remaining popular, another stock that has seen some recent woes. Palantir is also down more than 40% over the past few months since peaking back in February.

It will be interesting to see if Aussie investors’ love affair with Coinbase continues to burn into next week’s numbers. Until then, it might be an interesting show to watch in the meantime!

More reading

• Westpac, ANZ, CBA share prices dip after class action for ‘junk’ insurance
• ANZ Bank’s (ASX:ANZ) profit result could get an extra boost: Macquarie
• Why the Commonwealth Bank (ASX:CBA) share price is flying right now
• 3 sectors Aussies are splashing cash on right now
• NAB (ASX:NAB) chair signals ‘rational’ responses to curb booming housing market

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Sebastian Bowen owns shares of Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alibaba Group Holding Ltd., Apple, Microsoft, NIO Inc., NVIDIA, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Palantir Technologies Inc and recommends the following options: short March 2023 $130 calls on Apple and long March 2023 $120 calls on Apple. The Motley Fool Australia has recommended Apple and NVIDIA. 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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The Centuria Capital Group (ASX: CNI) share price is treading lower during early-afternoon trade. This comes after the real estate group provided an update on the listed note offer announced late last month.

At the time of writing, Centuria shares are down 0.36% to $2.76.

Completed note offer

Investors are sending the Centuria share price lower after digesting the group’s latest update.

According to its release, Centuria advised its wholly-owned subsidiary, Centuria Funds Management, has successfully completed its listed note offer. It is also a trustee of the Centuria Capital No. 2 Fund.

The group raised $198,693,00 before costs from securityholders for secured, redeemable notes. In total, 1,986,930 notes were allocated at a price of $100 each. Centuria stated that all valid applications were accepted in full.

Institutional investors, as well as syndicate brokers, had their distribution determined on 26 March 2021. This was following a $190 million bookbuild.

The interest rate for the first interest period is set at 4.29% per annum. This includes the bank bill rate of 0.04% and the margin of 4.25%. First interest payment will be $1.07 per note, to be paid on 20 July 2021 — a period of 91 days from first interest commencement (20 April 2021).

The proceeds of the offer will be put towards redeeming a series of wholesale notes that mature this month. In addition, the group will also redeem another set of wholesale notes that is due to mature in April 2023. The remaining funds will be used to support Centuria’s REIT co-investment program, acquisitions, and grow its unlisted property funds division.

About the Centuria share price

The Centuria share price has gained over 70% in the past 12 months. However, it is relatively flat year-to-date. The real estate group’s shares reached an all-time high of $2.91 earlier this week, before slightly dipping lower.

On valuation grounds, Centuria presides a market capitalisation of around $1.6 billion, with 600 million shares outstanding.

More reading

• Here’s why the Centuria (ASX:CNI) share price is up today
• Why did the Centuria (ASX:CNI) share price drop today?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. 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 Bruce Jackson.

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A new share trading platform is allowing Australians to buy a fraction of an ASX share.

Sharesies, which was already running this feature in its native New Zealand, launched the capability in Australia this week. 

The development is believed to be an industry-first in this country.

For example, say you had $100 to invest and you really wanted to buy CSL Limited (ASX: CSL) shares. 

At $265 a pop, it would have been previously impossible to buy into the healthcare giant.

But with Sharesies, you are able to buy $100 worth of CSL. This would be about 0.38 of one share.

Sharesies co-founder and chief executive Brooke Roberts told The Motley Fool that when the business started in New Zealand, many investors felt “priced out” of stock investing.

“Our vision is to give someone with $5 and someone with $5 million the same investment opportunities,” she said.

“In order to make that possible, fractionalising share ownership is an incredibly important part of that.”

Fractional ownership also helps when you want to buy a precise dollar amount of a particular stock. For example, Sharesies will allow you to buy $1,000 worth of CSL by giving you 3.77 shares.

To complement fractional transactions, Sharesies is also claiming to be the first online broker accessible to Australians that has no minimum investment requirements for ASX, NZX, NASDAQ, NYSE and CBOE equities.

You just need 1 cent to place an order.

How Sharesies implements fractional stock ownership

So what kind of magic is Sharesies pulling to allow fractional shares?

Roberts told The Motley Fool that all fractional purchases are “on-market” — it’s not a case of simulated stock ownership.

“A share’s worth $1 and [the user] wants to buy 25 cents of that. Sharesies buys the full $1 share — then Sharesies Limited owns 75 cents, and the customer owns 25 cents.”

When the user wants to sell their fraction, Sharesies would also offload their portion, therefore returning a whole stock back to the market.

“Sharesies has a book that runs the remaining [part] share that customers haven’t purchased.”

The part ownership from Sharesies is facilitated through a custody arrangement, where the platform (with its own Holder Identification Number) is the registered owner of the whole share. But the user would be listed as the “beneficial owner”.

According to Sharesies’ website, if the company runs into financial trouble the shares are protected by a trust.

On the flip side, Sharesies absorbs the risk of owning a portfolio of fractional shares that are the inverse of customers’ assets.

For example, if the customer sells their fractional share at a loss, then Sharesies too would be forced to cop that loss.

The fact that all Sharesies customers share a single Holder Identification Number also allows the platform to do away with the ASX’s $500 order minimum.

There is no additional cost for fractional transactions. Sharesies’ standard fee structure of 0.5% for orders up to $3,000 and 0.1% for amounts above that applies, regardless of whether fractions are involved.

“If someone does a $5 trade, it costs 5 cents,” said Roberts.

“We really want to help people feel like an investor and build their confidence and motivation.”

Sharesies launched in May 2017 and now boasts 350,000 users. The company is running under the Australian financial services licence of Sanlam Private Wealth Pty Ltd.

More reading

• Aussie dollar shoots higher! Here are some ASX winners
• CSL (ASX:CSL) share price wobbles on plasma and vaccine update
• Why the CSL (ASX:CSL) share price might be headed for more trouble
• ASX 200 Weekly Wrap: ASX 200 hits new post-COVID high
• 2 five-star stocks to buy

Tony Yoo owns shares of CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. 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 Bruce Jackson.

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Imugene Limited (ASX: IMU) shares are on the rise today after news from the company on its HER-Vaxx’s clinical trial. The Imugene share price opened today’s session 8.15% higher at 20 cents before climbing to an intraday high of 21.5 cents. At the time of writing, the company’s shares have retreated back to 19 cents, up 2.7%.

Let’s take a closer look at today’s news from Imugene.

What’s boosting the Imugene share price? 

The Imugene share price is responding positively after the biotech announced today that the second clinical endpoint for its HER-Vaxx clinical studies has been met.

HER-Vaxx is an immunotherapy to treat tumours that over-express the HER-2/neu receptor, such as gastric, breast, ovarian, lung and pancreatic cancers.

The first clinical end point was overall patient survival, while the second was progression-free survival (PFS).

The company states its second clinical endpoint has been met, as a statistically significant amount of PFS has occurred.

The trial is the second phase of HER-Vaxx trials. It’s being conducted in multiple sites across Eastern Europe and India, where clinicians have difficulty accessing antibody treatments and there are high levels of gastric cancer.

Data from 24 PFS events will now be analysed. The company stated final PFS results are expected in the coming months.

Commentary from management

Imugene managing director and CEO Leslie Chong commented on the company’s news. She said:

I am delighted to report that we have achieved this new significant milestone for patients with advanced gastric cancer, following on from the important interim data released in 2020 and new data presented at AACR earlier this month. I look forward to updating the market as the data is analysed.

Imugene share price snapshot

Imugene shares have been having a roaring time on the ASX lately.

Currently, the Imugene share price is up by 90% year to date. It’s also up by 850% over the last 12 months.

The company has a market capitalisation of around $881 million, with approximately 4.7 million shares outstanding.

More reading

• Why Corp Travel Management, Imugene, MoneyMe, & Syrah are pushing higher
• Why Brickworks, Imugene, Platinum, & Synlait shares are dropping today
• Why the Imugene (ASX:IMU) share price just hit an all-time high

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

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 Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 1.3% to 6,924.2 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price is up 2.5% to $19.51. Investors have been buying the corporate travel specialist’s shares after it revealed that it expects to be profitable in the fourth quarter of FY 2021. This follows a breakeven month in March after the company experienced an uptick in demand for corporate travel services.

Imugene Limited (ASX: IMU)

The Imugene share price is up almost 4% to 19 cents. The catalyst for this is news that Imugene has met its second clinical endpoint for the HER-Vaxx’s clinical studies. HER-Vaxx is an immunotherapy that is aiming to treat tumours that over-express the HER-2/neu receptor. This includes gastric, breast, ovarian, lung and pancreatic cancers.

MoneyMe Ltd (ASX: MME)

The MoneyMe share price is up 3.5% to $1.49. Investors have been buying the the digital credit company’s shares after it announced a new product launch. According to the release, MoneyMe has unveiled Autopay, a secured vehicle finance solution for dealers and major growth innovation. Management believes that the product will transform the $12 billion automotive finance industry.

Syrah Resources Ltd (ASX: SYR)

The Syrah share price is up 4% to $1.10. This follows the release of the graphite producer’s third quarter update this morning. Syrah noted that there is strong demand growth for natural graphite end uses. This is being driven by electric vehicle (EV) adoption. It points out that EV sales are up 140% in during the first quarter compared to a year ago.

More reading

• Here’s why the Imugene (ASX:IMU) share price opened 8% higher today
• Why the Corporate Travel Management (ASX:CTD) share price is soaring today
• Why the Syrah (ASX:SYR) share price is moving today
• MoneyMe (ASX:MME) share price edges higher on positive trading update
• Airbnb predicts huge rebound, ASX travel shares in the hot seat

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. 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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