Is it because of the rumors? SM Ent.'s stock price dropped by 8%, investors demand SM Ent. to respond quickly to the rumors

 

On the 4th, SM Ent.'s stock price plummeted just before the market closed, leading investors to speculate on the reasons behind the drop. Some are guessing that it might be due to rumors circulating online.

On this day, SM Ent.'s stock closed at 81,900 KRW. The stock started steady, rising by as much as 1.91% before sharply declining around 3 PM, at one point dropping to 80,500 KRW (-9.75%).

Previously, on the 28th of last month, HYBE disclosed that they had sold SM stocks worth 68.4 billion KRW through a block deal, which caused SM Ent.'s stock price to fall by 4.63% the following day.

Following the stock drop on the 4th, investors in SM Ent. stocks reacted with comments like, “What’s going on all of a sudden?” and “The company needs to take action quickly.”

theqoo

-Do you really think the stock drops because of that?

-What kind of rumor is it??

-Huh? Because of what rumor?

-It's such an obvious fake rumor, and the stock drops because of that???

-The stock drops because of a rumor... That's nonsense.

-Is there something going on?

-The rumor is really serious, shouldn't they make a statement quickly?

-What rumor? Am I the only one who doesn't know?

-What rumor? It seems like everyone knows except me.

-No way the stock drops because of that.

-The stock drops that much because of that?

-No wayㅋㅋㅋㅋ The stock can't drop 8% because of such a rumor....

-Theqoo is the only online community that is not talking about the rumor. It's spreading a lot elsewhere.

-Damn, I'm always the last to know...

-What's going on? Let me know too.

-I just went on Twitter and it was the first thing I saw (I don't even follow idol stuff).

-But if it really is just a rumor, they shouldn't just sit back and do nothing.

-There are people who believe that..??

-What kind of rumor could make it drop this much...

-Just make a statement, seriously, it’s so frustrating.

-If you go on Twitter, it pops up on your timeline right away. If they don't clarify, it's going to be a big deal. If it's a rumor, they need to address it quickly and sue the person who spread it.