It’s too simplistic to assume just because these people are selling it means they are going to miss the reporting season earnings call. The stock is up over 26x from IPO and is unlike a lot of recent ASX tech IPO’s in it’s time (profitable, long history, sticky customers, etc). It’s prudent to trim at these levels for capital, risk management, etc.
Your point regarding shipment volumes may have some merit, but you seem to be shorting it based on this one and only metric - and a really short timeframe short for that - making it a “trade” rather than an short selling investment. Global logistics is way more complex than this.
It’s too simplistic to assume just because these people are...
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Last
$97.02 |
Change
0.590(0.61%) |
Mkt cap ! $32.35B | |||
| Open | High | Low | Value | Volume |
| $96.42 | $97.02 | $95.73 | $31.81M | 329.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 751 | $97.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $97.03 | 1866 | 2 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$96.56 |
Change
0.590 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $96.32 | $96.71 | $95.77 | 14629 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| WTC (ASX) Chart |