I think what we're seeing is some evaluation of value.
Look at WTC for example. Today it is trading at a price similar to where it was 6 months ago.
XRO trading at prices from 2-4 months ago.
TNE however is trading at the same price it was last Wednesday.
I am not suggesting it is immune from a broader tech selloff, but probably more resilient.
Ann: Investor Day announces TAM of $13.5B and $1B ARR by FY30, page-17
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 (20min delay)
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Last
$20.30 |
Change
-0.570(2.73%) |
Mkt cap ! $6.619B | |||
| Open | High | Low | Value | Volume |
| $20.49 | $20.60 | $20.17 | $33.22M | 1.632M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3592 | $20.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.41 | 3592 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| TNE (ASX) Chart |