
WiseTech Global Ltd (ASX: WTC) shares have taken a heavy hit on Friday.
In mid-afternoon trade, the WiseTech share price is down 11.08% to $42.30. Earlier in the session, the stock fell as low as $40.59 before recovering slightly. The S&P/ASX 200 Index (ASX: XJO) has also weakened during this period.
It has been a brutal period for shareholders. The stock is now almost 40% lower over the past month and down around 16% this week alone.
The sharp decline hasn’t been driven by any new announcements from the company this year. Instead, the weakness appears to be part of a broader pullback across global technology stocks.
No company news, but heavy selling continues
Global markets have seen heavy selling in technology names over the past week. In the US, the Nasdaq Index has dropped sharply amid growing concerns about artificial intelligence (AI) disruption and stretched valuations across the sector.
Software stocks have been among the weaker performers during this period. WiseTech, as one of the ASX’s larger technology companies, has been caught up in that trend.
The size of the sell-off suggests investors are pulling back from technology stocks in general, and not responding to any specific issue at WiseTech.
A look at the business
WiseTech develops logistics and supply chain software used by freight forwarders, customs brokers, and transport providers around the world. Its flagship CargoWise platform is used across more than 190 countries.
The company has built a reputation as one of the ASX’s leading software performers. Since listing in 2016, it has delivered strong revenue growth and expanded through both product development and acquisitions.
WiseTech has a market capitalisation of roughly $14.1 billion and more than 336 million shares on issue.
Despite the recent sell-off, the company’s core business model remains unchanged.
Results just around the corner
WiseTech is scheduled to release its half-year results and interim dividend announcement on 25 February 2026. That update will provide clearer insight into revenue growth, margins, and management commentary on current trading conditions.
With the share price already under pressure, the upcoming result carries added weight. Investors will be looking for evidence that earnings growth remains on track and that the recent sell-off has been overdone.
Foolish bottom line
At $42.30, WiseTech shares are trading well below their levels from just a month ago. The speed of the decline highlights how quickly market sentiment can shift, particularly in the technology sector.
The upcoming results later this month are likely to play a key role in determining the stock’s near-term direction.
The post Why WiseTech shares are plunging 11% today appeared first on The Motley Fool Australia.
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More reading
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.







