NASDAQ:PSNY

Finance·Market Trends·NASDAQ:PSNY·News·Technology

Polestar Edged Out Nasdaq Last Week. June Gets Harder.

Polestar shares closed at $23.08 on Friday, down 0.4% for the day but up 3.7% over the shortened trading week. The Nasdaq Composite rose 2.4% in the same period, hitting new highs. Investors are watching Polestar’s cash burn and tariff exposure ahead of a late-June shareholder meeting. No earnings release is scheduled soon.

May 31, 2026

WiseTech Global Shares Drop 16% in May Amid Job Cuts and Integration Costs
May 31, 2026, 5:42 PM EDT. WiseTech Global Ltd shares fell about 16% in May, extending a 47% year-to-date decline. The plunge followed an announcement of 2,000 job cuts linked to a two-year AI-driven restructuring, sparking union and legal challenges. Its Q3 FY2026 update revealed US$45-50 million integration costs from the E2open acquisition, squeezing profit margins and causing analysts to cut earnings forecasts to A$0.72 per share. Despite negativity, WiseTech's CargoWise platform remains resilient, used by top global freight forwarders with high customer switching costs. Brokers are divided but optimistic. UBS rates the stock a buy, projecting strong sales and EBITDA growth through FY2028. Bell Potter sees potential for a 150% share price rise, citing WiseTech's competitive moat and platform strength.