Look at the entire history.
In 2018 their stock price was 24, now it’s 2.
Comment on Ubisofts stock tanked this morning ahead of the markets opening
intensely_human@lemm.ee 1 month ago
I thought from this graph that the stock had tanked to pennies.
It lost about 20% of its value, looks like
Buttons@programming.dev 1 month ago
Andonyx@lemmy.world 1 month ago
FWIW, a 20% drop is borderline catastrophic for a major company. The squeeze it puts on their supply chain, ability to make payroll, and interest rates on borrowing going up, it could be enough to create a death spiral. I think ubisoft is probably managed well enough to deal with this, but this is definitely a serious situation for them.