HYBE’s inventory worth has taken a tumble following the information of BTS’s next chapter of their actions.
While HYBE has officially announced that BTS wouldn’t happening a hiatus, traders are panicking as the worth of HYBE’s inventory has dropped 25% since buying and selling opened for June 15 KST.
The worth of the inventory dropped throughout after-hours buying and selling because the announcment was made in the course of the night of June 14 KST, after regular buying and selling hours closed, which is why the opening worth is listed as ₩168,000 KRW (about $130 USD) regardless of yesterday’s closing worth of ₩193,000 KRW (about $150 USD).
The sudden drop of HYBE’s inventory signifies that the corporate’s general valuation has dropped over 2 trillion gained (₩2.12 trillion KRW [$1,644,656,529 USD] to be precise). While it’s anticipated that the worth of the inventory will slowly rebound, traders are frightened about the way forward for the corporate, questioning when the following time they may be capable of see BTS all collectively once more. During this time, the members might be focusing extra on particular person actions.