Definition, Meaning & Synonyms

shares-plummet

Verb (phrasal)
/ʃɛrz ˈplʌmɪt/
Definition
A sudden and significant decline in the price of a company’s shares in the stock market.
Examples
  • After the announcement of the financial scandal, the company’s shares plummeted by over 30% in a single day.
  • Investors were shocked when the shares of the tech startup plummeted, causing widespread panic in the market.
  • The unexpected poor earnings report caused the stock to plummet, affecting many shareholders.
Meaning
When shares plummet, it indicates that investors are rapidly selling off their stocks, often due to negative news or financial performance, leading to a sharp decrease in value.
Synonyms
  • Crashes
  • Plunge
  • Drop
  • Fall
  • Dive