Chanticleer
What we learnt: Why WiseTech popped, Seven’s Boral clue
WiseTech adds to its history of spectacular moves, Seven prepares its playbook to fix Boral and APA Group looks beyond a tough market.
It’s not hard to understand why the market was wowed by the surge in the share price of logistics software group WiseTech on Wednesday. It’s not every day a stock moves by 57 per cent within a few hours, is forced into a trading halt and hit with a speeding ticket from the market operator.
But then again, WiseTech is no stranger to massive movements. Indeed, it was following last year’s full-year result on August 20 that WiseTech shares surged 34 per cent on a result that was strong rather than spectacular.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles