Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

HYBE’s Stock Price Plummets: Will the Company Recover?

joynews24 Views  

HYBE’s stock price collapsed below $145.32 during the day.

According to the Korea Exchange on the 26th, HYBE’s stock price plummeted to 199,800 won ($145.17) during the day, falling below the 200,000 won ($145.32).

Min Hee Jin, the CEO of ADOR, who conflicts with HYBE, will hold an emergency press conference at the Korea Conference Center in Gangnam, Seoul, on the afternoon of the 25th. 

HYBE had recovered the 200,000 won ($145.32) level last month and maintained the early 200,000 won ($145.32) range for about a month. However, due to the friction with CEO Min Hee Jin of ADOR, the stock price has been on a downward trend for the past three days.

HYBE immediately recovered to the 203,000 won ($147.50) level after the collapse of the 200,000 won ($145.32). However, as CEO Min Hee Jin claimed a close relationship with NewJeans through a press conference and media, if the conflict over the management rights controversy intensifies, there is also a possibility of NewJeans leaving HYBE, so the stock price decline is expected to continue for the time being.

Meanwhile, HYBE’s stock price plummeted by 7.8% on the 22nd when it was revealed that HYBE had exercised its audit right against the management team, including ADOR’s CEO, Min Hee Jin. It also fell by 1.2% to 210,000 won ($152.58) on the 23rd. Although it seemed to have stabilized after a successful rebound, the stock price fell again by more than 5% after Min Hee Jin’s press conference, leading to the collapse of the 200,000 won ($145.32) mark during the day.

joynews24
content@viewusglobal.com

Comments0

300

Comments0

[ENTERTAINMENT] Latest Stories

  • Ariana Grande Takes Her Talent to HYBE America in New Business Move!
  • Stray Kids 'Back Door' Hits Gold in the USA!
  • Global Girl Group From HYBE x Geffen Records Set to Debut
  • Deadbeat Dad? Brad Pitt Spends Father's Day Alone as Kids Prefer Angelina
  • From K-Pop to Mainstream: How 'K-Hearts' Became the Latest Craze Among Gen Z in the U.S.
  • LE SSERAFIM Dominates Billboard Charts for 16 Weeks!

Weekly Best Articles

  • The Magic of Raspberries You Should Know About
  • Heart Risk Heightens with Obesity in Youth, Study Shows
  • Disney’s Zootopia Themed Plane is Airborne!
  • Doraemon Takes Over Hong Kong: A Summer of Fun and Film!
  • Animal vs. Plant-based Cream: Which Is Really Better for You?
  • Can’t Say No? You Might Have Good Child Syndrome: 10 Key Insights
  • 10 Sweet Tropical Fruits You’ve Probably Never Heard Of
  • Canadian Woman Repeated ER Visits for Alcohol Intoxication Without Drinking
  • Sleeping After 1 AM May Weaken Your Mental Well-being, Research Reveals
  • 10 Underrated Superfoods You Should Be Eating Now
  • Why June is the Perfect Time to Experience Portugal’s Charm
  • Short on Sleep? Your Fruit and Veggie Intake Could Be to Blame

You May Also Like

  • 1
    10 Underrated Superfoods You Should Be Eating Now

    LIFESTYLE 

  • 2
    Why June is the Perfect Time to Experience Portugal's Charm

    LIFESTYLE 

  • 3
    Short on Sleep? Your Fruit and Veggie Intake Could Be to Blame

    LIFESTYLE 

  • 4
    Tattoo Regret? Research Shows Potential Cancer Connection

    LIFESTYLE 

  • 5
    10 Wild Cats That Could Fool You into Thinking They're House Cats

    LIFESTYLE 

Popular Now

  • 1
    New York City Hotels Introduce Sleep-Focused Accommodation Packages

    LIFESTYLE 

  • 2
    Airport Insider Reveals Why Your Luggage Comes Last

    LIFESTYLE 

  • 3
    10 Food Festivals Around the World You Must Experience

    LIFESTYLE 

  • 4
    Russia and North Korea Sitting in a Tree, M-I-S-S-I-L-E?

    WORLD 

  • 5
    G7 Nations Use Russian Frozen Funds to Fuel Ukraine Aid in Historic Move

    WORLD 

Weekly Best Articles

  • The Magic of Raspberries You Should Know About
  • Heart Risk Heightens with Obesity in Youth, Study Shows
  • Disney’s Zootopia Themed Plane is Airborne!
  • Doraemon Takes Over Hong Kong: A Summer of Fun and Film!
  • Animal vs. Plant-based Cream: Which Is Really Better for You?
  • Can’t Say No? You Might Have Good Child Syndrome: 10 Key Insights
  • 10 Sweet Tropical Fruits You’ve Probably Never Heard Of
  • Canadian Woman Repeated ER Visits for Alcohol Intoxication Without Drinking
  • Sleeping After 1 AM May Weaken Your Mental Well-being, Research Reveals
  • 10 Underrated Superfoods You Should Be Eating Now
  • Why June is the Perfect Time to Experience Portugal’s Charm
  • Short on Sleep? Your Fruit and Veggie Intake Could Be to Blame

Must-Reads

  • 1
    10 Underrated Superfoods You Should Be Eating Now

    LIFESTYLE 

  • 2
    Why June is the Perfect Time to Experience Portugal's Charm

    LIFESTYLE 

  • 3
    Short on Sleep? Your Fruit and Veggie Intake Could Be to Blame

    LIFESTYLE 

  • 4
    Tattoo Regret? Research Shows Potential Cancer Connection

    LIFESTYLE 

  • 5
    10 Wild Cats That Could Fool You into Thinking They're House Cats

    LIFESTYLE 

Popular Now

  • 1
    New York City Hotels Introduce Sleep-Focused Accommodation Packages

    LIFESTYLE 

  • 2
    Airport Insider Reveals Why Your Luggage Comes Last

    LIFESTYLE 

  • 3
    10 Food Festivals Around the World You Must Experience

    LIFESTYLE 

  • 4
    Russia and North Korea Sitting in a Tree, M-I-S-S-I-L-E?

    WORLD 

  • 5
    G7 Nations Use Russian Frozen Funds to Fuel Ukraine Aid in Historic Move

    WORLD 

Share it on...