The HYVE share price today is down 3.24% on the news that the company has appointed a new CEO. This follows a period of uncertainty for the company, during which its share price has fluctuated. The new CEO, who will take up his position on 1st January 2021, is an experienced executive with a track record in turning around struggling businesses.
It is hoped that he will be able to bring stability to the company and restore investor confidence. In the short term, however, the market remains cautious and the stock continues to trade at a discount to its peers.
The Hyve share price is up today after the company announced its new product. The Hyve is a new type of social media platform that allows users to share their photos and videos with others. The company says that the Hyve will be available for free to all users.
Rolls-Royce Share Price
Rolls-Royce Holdings plc is a British multinational engineering company incorporated in February 2011 that owns Rolls-Royce, a business founded in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. through its various subsidiaries. The group had sales of £15.4 billion in 2020.
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Is Hyve a Good Share to Buy?
HYVE is a good share to buy because the company has a strong track record of profitability and growth. The company is also well-positioned to benefit from the continued growth of the global economy.
Who Owns Hyve Group?
HYVE group is a German holding company that owns various businesses in the fields of e-commerce, events, and media. The company was founded in 2000 by brothers Stefan and Oliver Knauss. HYVE group is headquartered in Munich, Germany.
The majority shareholder of HYVE group is German entrepreneur Reinhold Würth, who acquired a 50.1% stake in the company in 2014. Other shareholders include the Knauss brothers (24%), venture capital firm Target Partners (12%), and business angel Michael Brehm (6%).
🚨 HYVE (HYVE) Price Prediction – Should I buy?
Conclusion
Hyve Group PLC (LON: HYVE) shares are up over 26% today after the company announced a major new contract win. The specialist events and media group has been awarded a five-year contract worth £20 million by Informa PLC (LON: INF), one of the world’s largest exhibition organisers.
The deal will see Hyve deliver around 60 events per year for Informa, including large scale trade shows such as the Natural Products Expo and CPhI Worldwide.
This is a significant win for Hyve and represents a major vote of confidence in the company’s ability to deliver high quality events.
The share price reaction today suggests that investors are bullish on the prospects for Hyve under this new contract. With a strong balance sheet and experienced management team, I believe there is more upside potential in the stock from here.
