Business
Under attack! Why the WiseTech Global (ASX:WTC) share price is down 9% – The Motley Fool Australia
The WiseTech Global Ltd (ASX: WTC) share price is under fire today after a new short-seller attack. Here’s the latest on the company.
Among all the shares on the S&P/ASX 200 Index(ASX: XJO), WiseTech Global Ltd(ASX: WTC) is leading the losses today. At the time of writing, the WiseTech share price is down 8.38% to $30.19 a share.
On Friday last week, WiseTech shares closed at $32.40, but opened at $30.98 this morning and have been trending lower all day. Even after this drop, however, WiseTech shares are still up a hefty 57% since 12 August. So why this dramatic fall for WiseTech today?
Why WiseTech shares are plummeting today?
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