Wisetech Global Falls 2% as 66% 12-Month Drop Deepens
WiseTech Global fell around 2% to $36.35 on Thursday, extending a share-price slide that has already wiped out just over 66% of its value over 12 months. The move came after a long selloff that has left the ASX-listed software company trading far below where it was a year ago.
That drop puts the stock near the centre of a wider tech pullback, with the S&P/ASX 200 Index down around 1% on Thursday morning even as the broader benchmark was still just over 3% higher than a year ago. For shareholders, the comparison is stark: the index is up over 12 months, while WiseTech is down sharply.
AI worries hit software stocks
Late-2025 and early-2026 brought concern about the implications of AI on traditional software models, and WiseTech was caught up in that tech-sector wide sell-off. Investors started turning away from high-growth technology stocks, and the company’s shares were among those dragged lower.
WiseTech’s CargoWise platform is deeply embedded in the global logistics industry, which has helped make the company a major ASX-listed technology name. At the same time, investors remain optimistic about its potential to expand further into the global trade market, leaving the stock caught between long-term growth expectations and a market that has punished software valuations.
Middle East shock added pressure
Shortly later, concerns about conflict in the Middle East spooked investors again, adding another layer of pressure to a market already selling off high-growth names. The result has been multiple consecutive headwinds over the past year, with the share price falling close to 47% for the year to date at the time of writing.
That combination matters because WiseTech is not moving in isolation: the stock’s 66% 12-month crash is sharper than the broader index move and points to a market that has reassessed software exposure rather than one company alone. If that reassessment continues, the shares remain tied to two forces at once — sector sentiment and confidence in WiseTech’s own expansion story.
Thursday’s 2% move
Thursday’s 2% decline to $36.35 leaves WiseTech trading after a prolonged selloff rather than a single-day shock. The practical read for investors is simple: the stock is now priced against a year of falling confidence, and any recovery will have to overcome both the 47% year-to-date drop and the broader 66% collapse over 12 months.
