- German fintech Wirecard reverse Tuesday’s uptick and drops to $11.50.
- The recent scandal surrounding nearly €2 billion fraud weighs on the stock.
Shares of Munich-based fintech Wirecard (WDI) have resumed the downside on Wednesday, fully fading Tuesday’s positive session and re-shifting the attention to the €11.00 area, levels last traded in January 2012.
WDI continues to suffer the consequences of the fraud scandal of nearly €2 billion, which had its former CEO, Markus Braun, arrested and the police currently looking for the company’s number two, Jan Marsalek, in the Philippines.
WDI Stock Quote
At the moment WDI is losing 25.71% at €12.58 and faces the next support at €11.51 (monthly low Jun.23) seconded by €10.97 (November 2011 low) and finally €10.67 (October 2011 low). On the opposite direction, a surpass of €19.80 (weekly high Jun.24) would expose €91.95 (55-day SMA) and then €104.50 (monthly high Jun.17).
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