WTC.AX is trading 4.8% down at A$31.27 as the relief rally from the previous session loses momentum amid ongoing concerns regarding investigations into founder Richard White.
- The stock closed 14% higher at A$32.86 in the prior session as investors briefly reassessed governance and regulatory risks.
- Shares remain under pressure following reports that the Australian Federal Police are probing White over alleged human trafficking and visa-related misconduct.
- The current decline follows a week of extreme volatility and steep sell-offs triggered by the initial reports of the federal investigation.