WiseTech Global Ltd (ASX: WTC) shares are falling on Wednesday as investors weigh up concerns around the company’s leadership.
The selling is also coming on a weak day for the broader market, with geopolitical tensions and higher oil prices putting pressure on sentiment.
At the time of writing, the WiseTech share price is down 7.06% to $34.73.
The S&P/ASX 200 Index (ASX: XJO) tech stock had been recovering over the past week, but today’s fall shows investors are still nervous.
Here’s the latest.
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Leadership concerns return
The latest pressure appears to be linked partly to fresh commentary around WiseTech’s leadership structure.
According to the report, one analyst has cut their fair value estimate on the…
