I have nothing against WTC, or at all with the ethics of those involved in the company, but have shorted today, as I suspect Getswift's response to the ASX will suck the excitement out of this sector for a while.
The WTC CEO recently sold some shares, even if not a massive amount it still counts as insurance.
Most importantly this stock is running on some fairly strong expectations of future earnings including from future and recent acquisitions. I think these acquisitions will be considered to be higher risk by the market now, and the magnifying glass will be applied to these.
I think there is a lot of impact from sentiment pushing hard on the SP as well. Also there was a big upgrade that boosted the SP yesterday, but I suspect the market will forget about that soon, and the SP will retrace.
If I could short GSW I would not be here - lol - too late now, I did short them and closed way too early.
Getswift troubles
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Last
$100.30 |
Change
1.960(1.99%) |
Mkt cap ! $33.44B | |||
| Open | High | Low | Value | Volume |
| $99.29 | $100.87 | $99.12 | $56.80M | 567.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 311 | $100.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $100.36 | 744 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WTC (ASX) Chart |