How on earth has the WiseTech Global share price exploded 20% in 17 days?
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It’s been a stunning two-and-a-half weeks or so for the WiseTech Global Ltd (ASX: WTC) share price on the ASX.
On 18 November last month, this ASX 200 tech stock closed at $62.63 per share after hitting a new 52-week low of $61.49 in the same session.
Today, 17 days later, those same Wisetech shares are currently trading at $73.92, as of the time of writing. That’s about 20.2% above the 52-week low we saw just two-and-a-half weeks ago.
Given the magnitude of this rebound, many ASX investors may wonder how Wisetech has managed such a stunning comeback. Let’s dive into that question today.
How is the WiseTech Global share price up 20% in 17 days?
Well, there are a few things to discuss. Firstly, November,…
