Definition, Meaning & Synonyms
shares-plummet
Verb (phrasal)
/ʃɛrz ˈplʌmɪt/
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Definition
A sudden and significant decline in the price of a company’s shares in the stock market.
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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.
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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.
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Synonyms
- Crashes
- Plunge
- Drop
- Fall
- Dive