🟢 Megaport is trading 9% up today, reversing yesterday's sharp profit-taking selloff

Megaport is trading 9% higher at A$17.69 as investors buy back into the stock following a sharp reversal from the previous session's profit-taking.

• The stock fell 8.4% to A$16.35 on July 29 purely on profit-taking, with no negative company news reported.
• Today’s move appears to be a reversal of that pressure as investors return to a name that has rallied nearly 50% over the past year.