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ASX:TNE News 4 February 2026

WiseTech Global share price dives to a 52-week low as AI fears batter software stocks

WiseTech Global share price dives to a 52-week low as AI fears batter software stocks

Sydney, Feb 4, 2026, 16:50 AEDT — After-hours WiseTech Global shares dropped 10.7% on Wednesday, closing at A$51.25—a fresh 52-week low. The stock fell A$6.13 from Tuesday’s close, fluctuating between A$51.25 and A$55.35 during the session. Its 52-week range now stands at A$51.25 to A$130.50, according to Google Finance. (Google) The decline came after intense selling in global software and…
4 February 2026
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Xero share price sinks 16% to a 52-week low as software stocks get hit again

Xero share price sinks 16% to a 52-week low as software stocks get hit again

Sydney, Feb 4, 2026, 16:50 AEDT — Market closed Xero shares dropped 15.65%, closing at A$81.06 in Sydney on Wednesday, marking a 52-week low despite the S&P/ASX 200 climbing 0.8%. Technology One and WiseTech Global also took hits, tumbling 10.47% and 10.26%, respectively. (Investing) This matters because Xero is caught between two volatile trades: high-growth software valuations and the market’s…
4 February 2026
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Stock Market Today

  • Finning International Stock Soars Past 200-Day Moving Average on Analyst Upgrades
    February 4, 2026, 4:10 AM EST. Finning International Inc. (TSE:FTT) crossed its 200-day moving average of C$69.40, closing Tuesday at C$87.35 on heavy volume of 811,305 shares. Several analysts raised their price targets this month, with TD Securities lifting its target to C$88 and CIBC to C$84. The stock holds a "Moderate Buy" consensus with an average price target of C$78.25 from eight analysts. Finning, a heavy-duty Caterpillar machinery dealer, reports a market cap of C$11.47 billion and a price-earnings ratio of 17.23. The gains highlight growing investor confidence benefiting from strong sector performance and optimistic Wall Street outlooks.
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