The Wise (LSE: WISE) share price has been on a bit of a rollercoaster since the company went public earlier this year. The shares listed directly on the London Stock Exchange and began trading at 800p. By September the share price had reached 1,150p, but quickly fell back down to earth and was as low as 700p in November.
Just yesterday though, the shares rebounded over 10% at one point after the company released its half-year report. Does this represent a turning point in the Wise share price? Let’s take a look to see if I should buy the stock for my portfolio.
Recent Wise share price weakness
As a quick recap, Wise is a FinTech company that offers cross-border money transfer services. I’ve used the platform myself when converting sterling into both euros and dollars, and thought the service was excellent. The cost for transferring was also competitive.
I … Read more