THQ’s Stock Plummets 48% after Yesterday’s News, Still Dropping?
THQ’s stock price is currently sitting at 1.57, down 48% since yesterday and still fluctuating. This dramatic drop comes in light of yesterday’s news that the company will likely not be meeting its year end goals and will require additional funding.
Yesterday’s press release included gloom-and-doom phrases such as “a need for additional capital” and “evaluating strategic and financing alternatives,” which didn’t bode well after the company’s best efforts to turn things around under the leadership of new CEO Jason Rubin and his plan to lead THQ out of the darkness. It seems shareholders have responded by jumping ship before she fully capsizes.
You can watch the stock’s ebb and flow live right here.