HIMS stock plummets 8% after CEO of hair loss company sparked outrage and ... trends now
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Male hair loss company 'HIMS' stock has further plummeted after its CEO sparked backlash and boycott threats by offering jobs to college pro-Palestine protestors.
Andrew Dudum, who identifies as Palestinian-American, voiced support for the student protestors across US campuses on X.
'Moral courage College degree,' the CEO, 35, wrote on Wednesday. 'If you're currently protesting against the genocide of the Palestinian people & for your university's divestment from Israel, keep going. It's working. There are plenty of companies & CEOs eager to hire you, regardless of university discipline.'
Also known as Hims & Hers Health, Inc., the online sexual health company dropped from its opening price of $12.24 to $11.26 on Friday.
The significant drop came just two days after Dudum's controversial post - which sparked immediate backlash - though it's unclear whether the recent drop is directly related.
The eight percent decrease in price comes amid a 14 percent downward trend since May 1, when its price was $13.10. And beyond that, the stock has descended a total of 33 percent since March 21, when it was being sold at $16.73 a share.
Male hair loss company 'HIMS' stock has plummeted after its CEO sparked furious backlash and boycott threats by offering jobs to college pro-Palestine protestors
Andrew Dudum, who identifies as Palestinian-American, voiced support for the student protestors across US campuses on X
University of Georgia pro-Palestinian students protest in front of the UGA arch in Athens on Friday
Demonstrators at a pro-Palestinian encampment on the campus of the University of Chicago
The company's chief legal officer had also pre-arranged a sale of
