All articles tagged with #share price decline
Strategy Inc. created a $1.4 billion reserve to cover at least 21 months of dividend payments amid concerns over falling Bitcoin prices and its potential need to sell crypto holdings. Despite the reserve announcement, its shares dropped nearly 8% due to fears of liquidity issues and the company's declining valuation, highlighting the risks of its Bitcoin-centric financial strategy amid market volatility.
WH Smith's shares plummeted nearly 42% after an accounting mistake led to an overstatement of North American profits, prompting a profit forecast cut, a review by Deloitte, and concerns about the company's reputation and growth prospects.
Despite forecasting a significant increase in net profit for the first half of 2025, Laopu Gold's shares fell to their lowest since May 20, due to market expectation resets and profit-taking, even as the company reports strong revenue growth and expansion efforts, highlighting a complex investor sentiment towards Chinese luxury jewelry amid broader economic concerns.
Shares of the French payments company Worldline plummeted over 41% after media allegations that it covered up client fraud to protect revenue, despite the company's claims of strengthening controls and conducting a thorough review. The company faces regulatory and reputational challenges, with its stock reaching record lows and a significant loss in market value since 2021.
Toyota Industries' shares fell up to 13% following a $33 billion buyout deal by Toyota Group to take the company private, amid Japan's push to unwind cross-shareholding ties; the deal includes a tender offer below recent share prices and involves significant investments from Toyota Group entities, with mixed outlooks on its attractiveness and long-term implications.
Square Enix has lost nearly $2 billion in value since the launch of Final Fantasy 16, with its shares declining by 28% since June. The underperformance of Final Fantasy 16, along with other AAA titles like Marvel's The Avengers and Forspoken, has led to a 66% drop in profit and analysts cutting their price target for the publisher. Sumitomo Mitsui Trust Asset Management, a long-term investor, has also reduced its holdings in Square Enix. The company's struggles are attributed to problems with game development structure, lack of team organization, and poor game quality control. Square Enix is undergoing changes in leadership and reorganizing its internal development teams.
Pham Nhat Vuong, founder of VinFast Auto, saw his net worth plummet by $18 billion as the company's shares experienced a volatile week on the Nasdaq. After surging 255% on its first day of trading, the share price dropped over the next three days, resulting in a 52% decrease in Vuong's net worth. Despite the decline, Vuong remains significantly wealthier than before the company's listing. VinFast's market capitalization peaked at $85 billion but ended the week at around $36 billion, still ahead of competitors like Rivian, Nio, and Lucid Group.