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The Hut Group share price plunges on botched key investor presentation intended to calm nerves

The Hut Group (THG) share price yesterday plunged by almost 35%, with an additional 2.5% shed today, in the wake of a key investor presentation delivered by co-founder and chief executive Matt Moulding. The presentation was intended to sooth investor nerves after recent declines in the company’s valuation and a build-up of short positions taken against it. However, it ultimately backfired with a sell-off immediately following the presentation wiping £1.9 billion off THG’s market capitalisation.


Main category: Business

Sub category: Financial Services

Tags: the hut group share price

Added: 03-12-2021

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