WTC.AX is trading 14% up at $32.86 in a sharp relief rally as investors reassess governance and regulatory risks following a heavy sell-off linked to investigations into founder Richard White.
- The stock had faced days of steep declines following reports of Australian Federal Police (AFP) and ASIC probes into White’s personal conduct and alleged insider trading activity.
- Market sentiment appears to be shifting, with some investors viewing the previous selling pressure as overdone despite the ongoing regulatory scrutiny.