Business · Markets · 17 hrs ago
Seegene shares fall more than 16% after weak third-quarter results
South Korean diagnostics company Seegene’s shares fell sharply in early trading on Nov.
9.
The drop followed third-quarter results that missed market expectations, announced after the market closed on Nov.
6.
At 9:26 a.m., Seegene was trading on South Korea’s KOSDAQ at 26,000 won, down 5,000 won, or 16.13%, from the previous session.
Possible large share sales by related parties were also highlighted as a concern for investors.
The weak results and that possibility weighed on investor sentiment.
The available information does not say what Seegene or its shareholders will do next.
Seegene shares fell 16.13% in early trading on the KOSDAQ after the company reported third-quarter results below market expectations.
At 9:26 a.m. on Nov. 9, the shares were trading at 26,000 won, down 5,000 won from the previous session.
The report said the possibility of large share sales by related parties also weighed on investor sentiment.
Seegene announced its consolidated third-quarter results after the market closed on Nov. 6.
- Who
- Seegene and its shareholders.
- What
- Seegene shares fell 16.13% in early trading.
- When
- Nov. 9, at 9:26 a.m.
- Where
- The KOSDAQ market.
- Why
- Seegene reported third-quarter results below market expectations. The possibility of large share sales by related parties also weighed on investor sentiment.
This story does not have two clearly opposing sides.
Seegene announced its consolidated third-quarter results after the market closed.
Seegene shares were trading at 26,000 won, down 5,000 won or 16.13% from the previous session.
- Share-price change
- Down 16.13%
- Price at 9:26 a.m. on Nov. 9
- 26,000 won
- Change from previous session
- Down 5,000 won
- Market
- KOSDAQ