SM Entertainment’s stock is up more than 5% in just one day. Earlier today, a new MV from Super Junior was released, and that’s already having a positive impact on the company’s stock. Founder Lee Soo Man has been the subject of numerous scandals and financial difficulties, but he still owns the largest stake in the company. This could mean that he plans to sell off some of his shares.
However, the news of Kris’s lawsuit against the company triggered a steep drop in the stock price. The lawsuit by EXO-M’s Kris for early termination of their contract came in the middle of the group’s promotions for its latest mini-album. Despite the setback, the group is on a winning streak in China, and its new mini-album, “Follow Me,” has reached #1 on the global Chinese music charts. SM Entertainment stock has responded to the controversy by saying that the company will continue to provide quality entertainment and that it will continue to provide a safe and stable working environment for its artists.
SM Entertainment is a South Korean entertainment company. It engages in music/sound production, talent management, and music/audio content publishing activities. SM produces and distributes music under its BALJUNSO label, as well as movies, TV dramas, and musical programs. It also provides a monthly magazine under the name of THE CELEBRITY, which is published in Korean, English, and Chinese. In addition, it operates a multifunctional theater, an online gift shop, a museum, karaokes, and a mobile entertainment platform.
SM Entertainment’s stock value increased by 50% in the first half of 2014, driven by rising sales for Super Junior and Girls’ Generation. The company’s biggest shareholder, Bae Yong Jun, and Kakao, are among the company’s biggest investors, but they’ve recently reduced their target price and have cut their target price to W4,000 million. The firm’s analysts said the company’s overall business remains strong, but the bankruptcy of Keyeast Co. had caused a massive loss of $309 million.
SM Entertainment’s stock price rose by 50% in the first half of 2014. The SM Entertainment stock shares were boosted by the success of its girl groups Super Junior and Girls’ Generation. Meanwhile, Bae Yong Jun’s company’s share price has also increased by 30%. The share price of SM Entertainment is up over 51% in the past year, and it is expected to continue rising in the coming months. The firm’s profitability has enabled it to attract more talent and expand its reach in a number of markets.
SM Entertainment’s shares increased by more than 50% in the first half of 2014, primarily due to the success of Super Junior and Girls’ Generation. During this time, the company’s share price has been impacted by a lawsuit filed by former member Kris Wu in May 2014. The company’s shares fell by over 50% in the month, amounting to a $209 million loss. As a result, investors have been buying SM’s stock to gain access to its huge portfolio of artists and content.
The company’s shares fell by a significant amount in May 2014 when former EXO member Kris Wu sued the company. At the start of the month, SM’s stock traded at W5,000, which was equivalent to a loss of more than $309 million. Interestingly, the lawsuit did not lead to any action against the former member. Nonetheless, SM’s share price has decreased since May 2014. The reason for this decline is the lawsuit filed by the rapper and his other investors.
The company’s stock has dropped significantly after news of Kris’s lawsuit was published. The former EXO member had sued SM Entertainment to void their contract with the company, and SM’s stock fell 5.8% during that time. Nevertheless, the firm’s management and public relations department tried to reassure fans and stockholders and said that the lawsuit would be dismissed. The price of SM’s shares has since recovered to its previous levels.
The company is expanding its overseas base. It announced this on December 7, 2015. On July 3, 2017, SMTOWN J-POP ZONE is scheduled to open. This will be an important step for the company in promoting its products and services. And all of this will help boost the company’s stock. So, it is time to take action now. By all means, keep an eye on SM Entertainment stock. Its management has been working in the same manner as the KDJs, and they have been doing a good job.