Why Galaxy, HUB24, Paradigm, & Telstra shares are pushing higher

HUB24 Ltd (ASX: HUB) and Telstra Corporation Ltd (ASX:TLS) are two of four ASX shares storming higher on Friday. Here’s why…
The post Why Galaxy, HUB24, Paradigm, & Telstra shares are pushing higher appeared first on The Motley Fool Australia. –

A happy woman looks at her mobile phone and fist pumps, indicating a share price rise

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is pushing higher. At the time of writing, the benchmark index is up 0.45% to 6,820.8 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Galaxy Resources Limited (ASX: GXY)

The Galaxy share price is up 6% to $2.40. On Thursday the lithium producer announced the achievement of battery grade lithium carbonate at its wholly owned brine project in Argentina, Sal de Vida. The company revealed that test results demonstrate that battery grade lithium carbonate can be achieved through a simple, bolt-on process. Positively, this can be seamlessly incorporated into the Stage 1 project development.

HUB24 Ltd (ASX: HUB)

The HUB24 share price has rebounded 4.5% to $21.74. This follows a 14% decline in the wealth management platform provider’s shares on Thursday after a rival announced changes in its deposit arrangement. Analysts at Goldman Sachs believe this is a buying opportunity and put a buy rating and $24.58 price target on HUB24’s shares this morning.

Paradigm Biopharmaceuticals Ltd (ASX: PAR)

The Paradigm share price is up almost 7% to $2.56. Investors have been buying the biopharmaceutical company’s shares after it announced the submission of its Investigational New Drug (IND) application to the US Food and Drug Administration (FDA). This is for the planned pivotal study and extension study with PPS (Zilosul) for the treatment of patients with Knee Osteoarthritis (OA).

Telstra Corporation Ltd (ASX: TLS)

The Telstra share price has risen 3% to $3.43. This morning the telco giant announced that it would be delisting its New Zealand listed shares in June. Telstra explained that it was making the change partly to streamline its shareholder services and notes that New Zealand investors now have easy access to the ASX. It believes the move is in the best interests of shareholders and the company.

Where to 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 more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Hub24 Ltd. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why Galaxy, HUB24, Paradigm, & Telstra shares are pushing higher appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!