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.

Url: https://www.tradingandinvestmentnews.co.uk/the-hut-group-share-price-plunges-on-botched-key-investor-presentation-intended-to-calm-nerves/

Main category: Business

Sub category: Financial Services

Tags: the hut group share price

Added: 03-12-2021