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HYBE's stock rebounds amidst ADOR management rights controversy

AKP STAFF
Posted by EunhaYi Tuesday, April 23, 2024

On April 23 KST it was reported that HYBE was trading at 213,500 won, marking a slight decrease of 3,500 won (1.67%) from the previous day.

The stock price of HYBE experienced a significant 7.8% plunge on April 22 KST following revelations of an internal audit against its subsidiary, ADOR. Despite this, by April 23, it had closed at 210,000 won, down 1.2%, with market capitalization diminishing by KRW 853.8 billion over two days.

While internal strife has affected HYBE, the activities and comebacks of its artists continue unhindered, hinting at a swift stabilization process for the company.

SEE ALSO: TWS scores another win with 'Countdown!' + Performance on May 2nd episode of 'Music Bank'

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SiyerX
SiyerX3,058 pts Tuesday, April 23, 2024 7
Tuesday, April 23, 2024

Some Tokkies are acting Extremely Cringe as they are arrogant about this Slight stock drop & keep defending MHJ. Also started to accuse ILL-IT for plagiarism to support MHJ & Criticize Every HYBE fandom bcz they say 'Newjeans don't own that concept'

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Lejan
Lejan2,582 pts Tuesday, April 23, 2024 2
Tuesday, April 23, 2024

All the idiots who swore this would be HYBE's downfall need to understand that the real investors who matter are not a bunch of fans waving lightsticks around and sending protest trucks to the HYBE building. They're large, multi-billion dollar hedge funds, VCs, and large investment banks who aren't going to be easily swayed by a subsidiary CEO with a minority stake in her company throwing a temper tantrum because another group is doing well on the charts.

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