Even though people expected E’Dawn’s departure to have a negative impact on CUBE, surprisingly, the company’s share price has reached a peak in the last 3 months.
On November 14th, CUBE officially confirmed the cut of the contract with E’Dawn – PENTAGON members – after the chain of the love story between him and Hyuna. Before that, Hyuna officially left the company on October 15th. Thus, the Hyuna and E’Dawn couples are no longer CUBE artists.
It was supposed that the departure of both will cause the company to suffer many losses but everything is the opposite. CUBE’s shares rose sharply today with a growth of 14.10%. This is the highest share price of CUBE in the last 3 months. It seems that CUBE’s stock price has soared due to the return of BTOB and it is easy to see that the departure of Hyuna’s boyfriend does not have as much impact on the company as everyone expected.