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Posted by yckim124 AKP STAFF Wednesday, October 24, 2018

SM, YG, and JYP Entertainment's stock prices tumble

AKP STAFF
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The "BIG3" agencies of Korean entertainment are seeing a significant plunge in their stock prices.

According to KOSDAQ on October 24, JYP Entertainment's stock plunged 21.85%, SM Entertainment's stocked dropped 18.18%, and YG Entertainment's stock tumbled 12.41% compared to the previous day of trading. 

The big dip in stock prices followed after an analyst announced the agencies would most likely fall short on the estimated earnings for Q3. 


Han Kyung Rae financial analyst of Shinhan Investment Corp. commented, "It's assumed many are attempting to sell their stocks as the analysis stated the 3rd quarter earnings reports wouldn't live up to the high expectations."

According to Bloomberg, "The declines were the worst for the stocks since at least 2012."
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Louis_XIV348 pts Wednesday, October 24, 2018 3
Wednesday, October 24, 2018

Can't wait to see fans come in here and suddenly act like they know the ends and outs of how the stock market works and how their fav group is responsible for taking down other entertainment companies

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teleri1,222 pts Wednesday, October 24, 2018 0
Wednesday, October 24, 2018

Can I just point out that those stock prices had reached RECORD highs? There's only so far to go. Prices are STILL above the average if you look at the graphs. Those companies are doing better STILL than they did 10 or even 5 years ago.

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