$Hello Group (MOMO.US)$
A sharp drop of 12.32%.
The opening price was $5.35, and the closing price was $4.84.
Young people, not following the code of conduct, the stock price plummeted while I was asleep in the middle of the night, really frustrating?
A sharp drop of 12.32%.
The opening price was $5.35, and the closing price was $4.84.
Young people, not following the code of conduct, the stock price plummeted while I was asleep in the middle of the night, really frustrating?
Translated
When it comes to dining-related stocks, you need to be especially careful!!!
1. The COVID-19 pandemic has changed many consumption and lifestyle habits. Many people enjoy DIYing their own food, becoming more selective about diet, focusing more on nutrition and health. Fast food and beverage items are being marginalized.
2. Due to the 'Israel-Palestine War', many dining establishments are being boycotted. Many restaurants are struggling to survive, facing a steep decline in revenue, with headquarters laying off employees.
3. While revenue is declining, raw material prices in the food industry are on the rise, such as American coffee, American cocoa... prices have doubled.
What makes it worse is the long period of interest rate hikes by the Federal Reserve in the USA, with the rate cut still not coming, companies have to face financial pressure.
Stocks experiencing a cliff-like drop, you may think it's the bottom, but far from it! Stay away from stocks related to dining and entertainment, you won't go wrong!!!
Zhongzi (original, please indicate the source if reproduced) 2024-05-07
1. The COVID-19 pandemic has changed many consumption and lifestyle habits. Many people enjoy DIYing their own food, becoming more selective about diet, focusing more on nutrition and health. Fast food and beverage items are being marginalized.
2. Due to the 'Israel-Palestine War', many dining establishments are being boycotted. Many restaurants are struggling to survive, facing a steep decline in revenue, with headquarters laying off employees.
3. While revenue is declining, raw material prices in the food industry are on the rise, such as American coffee, American cocoa... prices have doubled.
What makes it worse is the long period of interest rate hikes by the Federal Reserve in the USA, with the rate cut still not coming, companies have to face financial pressure.
Stocks experiencing a cliff-like drop, you may think it's the bottom, but far from it! Stay away from stocks related to dining and entertainment, you won't go wrong!!!
Zhongzi (original, please indicate the source if reproduced) 2024-05-07
Translated
![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
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