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HYBE Shares Rise After ADOR CEO Replaced
HYBE shares gained 4.4% this week after the company’s dismissal of Min Hee-Jin as CEO of imprint ADOR.
HYBE shares benefitted from the company’s dismissal of Min Hee-Jin as CEO of the imprint ADOR, gaining 4.4% in a rare positive week for a stock that has fallen 21.0% in 2024. Min will continue to produce music for ADOR artist NewJeans, but the label will restructure in order to separate management from production. Stocks were mixed this week as investors await news from the U.S. Federal Reserve that it will cut interest rates in September.
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