{"id":27953,"date":"2022-06-15T20:50:57","date_gmt":"2022-06-16T03:50:57","guid":{"rendered":"https:\/\/www.musicmundial.com\/en\/?p=27953"},"modified":"2023-01-16T00:44:19","modified_gmt":"2023-01-16T08:44:19","slug":"hybe-stock-plummets-28-after-bts-announces-hiatus","status":"publish","type":"post","link":"https:\/\/www.musicmundial.com\/en\/hybe-stock-plummets-28-after-bts-announces-hiatus\/","title":{"rendered":"HYBE stock plummets 28% after BTS announces hiatus"},"content":{"rendered":"<p><strong>HYBE<\/strong>, the agency behind <strong>BTS<\/strong>, saw its <strong>stock<\/strong> price plummet after the K-Pop boy group announced that it would be taking a &#8220;<strong>hiatus<\/strong>&#8221; from group activities to focus on its solo business.<\/p>\n<p>Shares of the South Korean entertainment agency fell 28% in the first hour of trading on Wednesday, June 15th, a day after BTS announced hiatus.<\/p>\n<p> According to a <strong>Billboard<\/strong> report, HYBE&#8217;s stock had fallen as low as 140,000 won per share after opening at 168,000 won.<\/p>\n<p>The company is currently headed for its <strong>lowest<\/strong> close since its 2020 IPO, wiping out as much as $1.7 million in market value at the time of this writing.<br \/>C<\/p>\n<p><\/p>\n<figure class=\"wp-block-pullquote\">\n        <blockquote hcb-fetch-image-from=\"https:\/\/twitter.com\/whatjikookin\/status\/1536825750778691584\" class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">wtf i thought y\u2019all were just creating memes of hybe stock.. it\u2019s actually plummeting quickly \ud83d\ude2d <a href=\"https:\/\/t.co\/5E97DnBMFZ\">pic.twitter.com\/5E97DnBMFZ<\/a><\/p>\n<p>&mdash; trinity\ud83d\udc7c\ud83c\udffe (@whatjikookin) <a href=\"https:\/\/twitter.com\/whatjikookin\/status\/1536825750778691584?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 14, 2022<\/a><\/p><\/blockquote>\n        <\/figure>\n        \n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>You may also like: <\/p>\n<p>In light of the uncertainties surrounding the future of the septet, even before their recent announcement, HYBE has seen its shares drop nearly 60% this year so far, according to <strong>The Straits Times<\/strong>. This means that the company has given up almost all of its profits since its debut on the stock market.<\/p>\n<p><strong>Lee Hye-in<\/strong>, an analyst at<strong> Yuanta Securities Korea Co.<\/strong>, told <strong>Bloomberg<\/strong> the company could face sharp downward revisions to its earnings and revenue estimates for this year and next.<\/p>\n<p>If HYBE confirms that BTS will not resume live performances during the year, the company&#8217;s <strong>revenue<\/strong> could be 25% lower than previous estimates. Your benefit, meanwhile, can be reduced by 33%.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYBE, the agency behind BTS, saw its stock price plummet after the K-Pop boy group announced that it would be taking a &#8220;hiatus&#8221; from group activities to focus on its solo business. Shares of the South Korean entertainment agency fell 28% in the first hour of trading on Wednesday, June 15th, a day after BTS [&hellip;]<\/p>\n","protected":false},"author":2817,"featured_media":27960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[49],"class_list":{"0":"post-27953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-kpop","8":"tag-bts"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts\/27953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/users\/2817"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/comments?post=27953"}],"version-history":[{"count":0,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/posts\/27953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/media\/27960"}],"wp:attachment":[{"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/media?parent=27953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/categories?post=27953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicmundial.com\/en\/wp-json\/wp\/v2\/tags?post=27953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}