VK shares hit historical low on Moscow Exchange

Shares of the technology company VK (MOEX: VKCO) on the Moscow Exchange at 15:53 MSK fell by 4.9% to 116.4 rubles — this is a historical low.

Consensus

• VK's shares reached a historical minimum on the Moscow Exchange on August 26.
• The previous historical minimum was 117.05 rubles, set on July 17.
• The share price dropped to 116.4 rubles at 15:53 MSK.
• VK is a major Russian technology company with social networks and digital services.
• The Moscow Exchange index fell below 2,300 points in early June, with VK shares among the worst performers.

Points of divergence

• The previous historical minimum was set on July 17 at 117.05 rubles. — vm
• The historical minimum was 117 rubles, reached at 15:36 MSK. — vedomosti
• VK's share price fell 7% on August 24. — vedomosti
• VK's shares dropped 4.9% to 116.4 rubles, which is the historical minimum. — kommersant
• Other stocks like TNS Energy Mari El, MGTS, and Saratovenergo saw larger percentage drops. — kommersant
• VK's shares have declined 62.6% over the past 12 months. — vedomosti
• In early July, the Moscow Exchange index dropped below 2,200 points for the first time since February 27, 2023. — vm
• VK is a public joint-stock company (MOEX: VKCO) and covers 95% of the Russian internet audience. — vedomosti

Coverage (4 sources)

• VK shares on Moscow Exchange fell to historical minimum — Вечерняя Москва
• VK shares fell to historical minimum — Ведомости
• VK shares fell to historical minimum — Коммерсантъ
• Price of VK shares on Moscow Exchange fell by 7% — Ведомости

Key entities

• VKontakte
• Moscow Exchange
• Moscow
• VKontakte
• Mari El
• Odnoklassniki
• MGTS
• VK (MOEX: VKCO)
• VK Quotes