Shares in market minnow Bubs Australia Limited (ASX: BUB) and logistics behemoth Wisetech Global Limited (ASX: WTC) are trading higher on Monday, with new management at the former and a mega share sale at the latter making news.
Over at the $31.8 billion logistics software firm Wisetech, the stock is up more than 3.5% after it was revealed founder Richard White had offloaded 1.24 million shares since late August, worth $122.9 million at Monday's share price of $98.04.
The sale of shares leaves the executive chair with $11.04 billion worth of shares in the company, or 35.59% of the shares on issue.
Wisetech shares are changing hands at around the mid-point of their 12-month range, with the stock having traded as low as $67.80 and as high as $141.61 during the past year.
As The Motley Fool has reported elsewhere today, broker Bell Potter is bullish on the stock, with a buy rating and a $127.50 price target.
This is based around the popularity of its CargoWise platform, which is used by logistics firms the world over.
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Bubs hits the right formula
Meanwhile at the $138 million baby formula firm Bubs, non-executive director Paul Jensen has stepped up into the chair role after Katrina Rathie resigned.
The company also announced that Joe Coote had stepped up to the board as managing director, after joining the company as chief executive officer in July.
Bubs late last month reported impressive revenue results of $102.5 million, up 29% on the previous corresponding period.
The company also swung to a net profit of $5.5 million, up from a loss the previous year of $21 million. The company's stock traded as much as 6.5% higher on Monday before settling back to be up 1.3% at 15.7 cents.
