[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

8 clusters · 11 sources · 85 days · First seen · Last updated

WiseTech Global share price volatility and regulatory probes

Overview

WiseTech Global Ltd (ASX:WTC) continues to face extreme stock price volatility driven by governance, regulatory, and personal conduct concerns. While the company’s flagship CargoWise platform maintains a dominant market position, the stock remains significantly down from previous highs.

In August 2026, shares initially saw a 25% rebound before falling more than 12% following news that the Australian Competition and Consumer Commission (ACCC) executed a search warrant at the company’s premises. The ACCC is investigating alleged breaches of the Competition and Consumer Act regarding the supply of global logistics services and software. WiseTech has stated it intends to “fully cooperate” with the investigation.

By late September 2026, the stock continued a downward trend, falling 1.33 percent to 31.91 AUD on the ASX. This decline follows a period where the stock lost nearly 70% of its value since allegations regarding co-founder Richard White’s personal life emerged in late 2024. Despite the share price decline, the company reported strong financial results for fiscal year 2026, driven largely by the acquisition of e2open. Revenue for FY2026 rose 79 percent to 1.3959 billion AUD, with underlying EBITDA increasing 56 percent to 644.5 million AUD.

In October 2026, shares began an upward trend, rising approximately 24% over a month. This recovery follows news that the Australian Securities and Investments Commission (ASIC) concluded several investigations. ASIC issued no-action letters regarding share-trading investigations involving Richard White and two employees, and concluded a governance investigation without taking enforcement action. One investigation involving a non-employee remains ongoing.

Entities

ASX · WiseTech Global Ltd · Richard White · CargoWise · CSL Ltd

Timeline

  1. [BUSINESS] 2 sources
    WiseTech Global shares rise following conclusion of ASIC investigations

    WiseTech Global shares are rebounding after ASIC concluded investigations into the company and its personnel, issuing no-action letters regarding governance and share-trading concerns.

  2. [BUSINESS] 3 sources
    WiseTech Global shares fall on slower growth outlook

    WiseTech Global shares fell on the ASX as investors reacted to a slower growth outlook for FY2027, despite strong FY2026 results bolstered by the e2open acquisition.

  3. [BUSINESS] 2 sources
    WiseTech Global shares face volatility amid earnings growth projections

    WiseTech Global's share price has dropped over 50% in 2025, but analysts eye a potential recovery to $50 by 2027 if the logistics software firm meets its projected earnings growth.

  4. [BUSINESS] 2 sources
    WiseTech Global shares face volatility despite positive earnings outlook

    WiseTech Global's shares have fallen significantly over the past year, but the company forecasts improved margins and EBITDA growth for FY27 driven by its CargoWise logistics platform.

  5. [BUSINESS] 2 sources
    WiseTech Global shares rebound following recent volatility

    WiseTech Global shares have rebounded following recent volatility, with many analysts maintaining bullish ratings despite a significant year-to-date decline.

  6. [BUSINESS] 5 sources
    WiseTech Global shares fall after ACCC executes search warrant

    WiseTech Global shares dropped over 12 per cent after the ACCC executed a search warrant investigating alleged competition law breaches regarding its logistics software and services.

  7. [BUSINESS] 5 sources
    WiseTech Global shares rebound 25% amid focus on upcoming FY26 results

    WiseTech Global shares have rebounded 25% this month, though the stock remains down significantly year-to-date. Investors await FY26 results on 26 August to assess the company's long-term recovery.

  8. [BUSINESS] 3 sources
    WiseTech Global shares slump as valuation debate intensifies

    WiseTech Global shares have dropped nearly 49%, trading near a 52‑week low despite strong revenue growth, while analysts flag governance and AI competition risks.

Sources

ad-hoc-news.de · ca.sports.yahoo.com · fool.com.au · m.smh.com.au · raskmedia.com.au · sgsme.sg · startupdaily.net · stockhead.com.au · switzer.com.au · theage.com.au · watoday.com.au

This summary has been updated 6 times: see revision history