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HYBE Stock Value Drops Drop 30% Following News Of SUNNY Not Renewing Her Contract December 21, 2024. Written by Jung Hye-ri.
HYBE's stock value has taken a tumble following the news of SUNNY not renewing her contract.
While HYBE has officially announced that SUNNY will not be renewing her contract after 7 years together with HYBE.
The value of the stock dropped during after-hours trading as the announcement was made on the evening of December 20, 2024. KST, after normal trading hours closed, the opening price is listed as W273,812 KRW (about USD 271), depicting the previous day's closing price of W299,000 KRW (about USD 300).
The sudden drop in HYBE's stock means that the company's overall valuation has dropped over 4 trillion won (W4.12 trillion KRW [USD 2,381,889,273], to be exact). While it is expected that the value of the stock will slowly rebound, investors are worried about the future of the company, wondering if SUNNY will return to the company.
COMMENTS
username the power of sunny.
username here we go.
username who said sunny isn't a money source of hybe?
