What is pushing up the Atlas Arteria (ASX:ALX) share price today?

The Atlas Arteria Group (ASX: ALX) share price is performing well today. Atlas Arteria shares are up a solid 1.25% to $6 a share at the time of writing. Consequently, outperforming the S&P/ASX 200 Index (ASX: XJO), which is up 0.34%.

It’s a welcome development for Atlas Arteria shareholders. Just one month ago, they were watching the Atlas share price hit a low of $5.49 a share. Even after today’s move though, Atlas shares are still down roughly 7% year to date. As well as close to 14% down from the most recent 52-week high. They are also down close to 30% from the pre-COVID high watermark of ~$8.40.

Why are Atlas Arteria shares rising today?

Today’s moves in the Atlas Arteria share price are almost certainly the result of an…