HYBE stocks went down 27.5%, knocking off about $1.7 billion of market capitalization

**bartkun** · Jun 15th 2022

Shares of HYBE fell 27.5% in early trading Wednesday morning following Tuesday’s news the Korean company’s cornerstone act, K-pop superstars BTS, will take time off for its seven members to pursue individual opportunities.

HYBE shares opened at KRW 168,000 on Wednesday after closed at KRW 193,000 on Tuesday. Within the first hour of trading, HYBE fell as far as KRW140,000, knocking off about $1.7 billion of market capitalization, before rebounding to KRW 145,500. In just one hour, HYBE investors exchanged more than six times the stock’s daily trading average on the Korean Stock Exchange.

Wednesday’s selloff put HYBE’s share price down 59.9% year to date. HYBE wasn’t the only music stock to fall sharply in 2022.

BTS Hiatus News Sends HYBE Stock Plummeting

The Korean music company lost $1.7 billion of market value in the first hour of trading Wednesday.

www.billboard.com

ISaidISaid · Jun 15th 2022

So? Do y’all have HYBE stocks or something lol

Dreamer95 · Jun 15th 2022

It was a bubble from the start, so this is expected. It is more like they are getting close to their real value. They can't be 3 times of the value of SM or JYP.

tetetete · Jun 15th 2022

the 3 bts members who sold some of tgeir stocks right now -->

Kitty_Saurus · Jun 15th 2022

Quote from tetetete

the 3 bts members who sold some of tgeir stocks right now -->

They sold their shares around the time before they opened their individual ig accounts.

tetetete · Jun 15th 2022

Quote from Kitty_Saurus

They sold their shares around the time before they opened their individual ig accounts. Wow.

I mean its not really related to their decision

Any financial advisor would be able to tell that hybe is overvalued right now so sell your stock before the tumble

Kitty_Saurus · Jun 15th 2022

Quote from tetetete

I mean its not really related to their decision

Any financial advisor would be able to tell that hybe is overvalued right now so sell your stock before the tumble

kirla · Jun 15th 2022

Well, no wonder hybe have been doing damage control yesterday with that statement

And look, here is already 'group project' they've been talking about lol

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kirla · Jun 15th 2022

Quote from tetetete

the 3 bts members who sold some of tgeir stocks right now -->

Yeah, Hoseok, Jin and Joon are the smartest) And considering that at that time the decision about hiatus was most probably already made it makes them even more smart. From what I remember the price at what they sold was also one of the best.

nevermindmejin · Jun 15th 2022

I bet Hybe is panicking right now

BRIYANI · Jun 15th 2022

Quote from nevermindmejin

I bet Hybe is panicking right now

I’m sure their internal experts alr expected it, if folks from akp.com predict this much

nevermindmejin · Jun 15th 2022

Quote from ohpuhlease

I’m sure their internal experts alr expected it, if folks from akp.com predict this much

Akp folks sometimes are more expert than the experts

BRIYANI · Jun 15th 2022

Quote from nevermindmejin

Akp folks sometimes are more expert than the experts

Akp folks right now

icyruios · Jun 15th 2022

Quote from tetetete

the 3 bts members who sold some of tgeir stocks right now -->

RunOutOfIdeas · Jun 15th 2022

Music to my ears.

Jenny_Leen · Jun 15th 2022

but that's expected in stocks lol not surprised.

its smart high time to buy the stock at its lowest and now is the perfect time.

better-than-sex · Jun 15th 2022

It's probably going to go up when Hobi debuts

aclassyteaparty · Jun 15th 2022

yall swear you're stock market experts when it comes to kpop companies.

tafattsbarn · Jun 15th 2022

That was expected, it'll go up a bit again and then stabilize when they start releasing their solos

The market in general has been very volatile lately, across companies and sectors, i saw yesterday (or the day before) that several labels were down 5% or more (some reaching 10%) without any bad news

vanillamint19 · Jun 15th 2022

very much expected, best time to buy rn. The stock will stabilize once members solo debut get finalized.

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