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Next Vision Stock Plummets Amid Major Shareholder Sell-Off
Next Vision's stock fell another 11.4% on Tuesday, adding to Monday's 12.7% drop, after investment fund Fidelity sold a significant stake. The company's stock has lost 50% of its value since March, closing Tuesday at 17.5 billion shekels.
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What happened
- 01Next Vision's stock dropped 11.4% Tuesday, continuing a sharp decline after Fidelity's large share sale.
- 02The company's stock has lost 50% of its peak value since March, closing at 17.5 billion shekels.
- 03Fidelity sold its stake for 1.3 billion shekels after only 15 months, using Goldman Sachs for the transaction.
- 04Market insiders expressed doubt about the sale's execution and Fidelity's ability to find buyers.
- 05Founders and early funder have sold shares worth 1.6 billion shekels since the start of 2023.
- 06The stock's current price is about 30% lower than a sale price from June 2025.
Market observers question the sale's execution and suggest founders could have intervened to stabilize the price. The founders and early funder have sold shares worth billions in recent years.
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