NIDEC CORPORATION ranks 4th in rising sell predictions among individual investors on Minkabu
As of 11:00 a.m. on the 14th, NIDEC CORPORATION <6594> ranked fourth in "rising sell predictions" according to "Retail Investor predictions (latest 48 hours)" compiled by Minkabu.
Following reports of suspected quality misconduct in motor components, NIDEC shares plunged to the daily limit-down at one point on the 13th. NIDEC acknowledged the allegations as fact and announced during trading hours the establishment of an investigative committee composed of external experts. The company further disclosed director candidates, including former executives from major firms, as outside directors in a bid to renew its governance. While NIDEC shares had gained momentum since the beginning of the month, the sharp decline sparked a widespread perception that near-term upside has weakened. Meanwhile, the stock rebounded sharply on the 14th in a technical recovery.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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