Plummet meaning in English

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Definition

to plummet: to drop, to fall, to sink, to crash, to descend rapidly, to plunge verb
The plane plummeted into the ocean. All of the passengers either died on impact or drowned.
Our sales have been plummeting since the beginning of the war. They dropped by 10% last month.
Temperatures have plummeted in the last 2 weeks. We are now expecting snow.

UK: Sales are plummeting due to the oil crisis.
US: The plane plummeted into the ocean.

Examples

  • "Around the same period that Shmike's stock prices started plummeting, the company received an avalanche of negative press, culminating in a public demonstration outside of a Shmike outlet store right here in downtown San Francisco."
  • "The share price is plummeting – get out while you can."
Exercise 1
When Susie says that "Shmike's stock prices started plummeting", she means that the stock prices .
When Susie says that "Shmike's stock prices started plummeting", she means that the stock prices plunged.
plunged: The verbs "to plummet" and "to plunge" both indicate "falling" or "dropping" quickly and deeply. The verb "to plummet" can be used both in a financial context to indicate a decrease in value(as Susie uses the term in the dialogue), as well as a more general context. For example: He plummeted from the sky before pulling the cord on his parachute. We might also say: The diver "plunged" into the swimming pool.
shot up: To "shoot up" is a phrasal verb which expresses the opposite meaning of Susie's term "plummeting". To "shoot up" means to "increase dramatically and rapidly". For example, "Delavigne stock shot up 53 points in the last few hours!" It's worth millions!". In another context, to 'shoot up" could also indicate the firing of guns, as in the sentence: The police shot up the bank in the hopes of killing the robbers.
remained the same: To "remain the same" expresses that Shmike stock maintained the same value, whereas Susie is expressing that Shmike's stock "fell dramatically and quickly".
disappointed: To disappoint does not express a similar meaning to the term Susie uses.
Exercise 2
Fill in the blanks with terms used in the voicemail messages!

This term describes the part of a company that can be bought and sold by investors. It is a synonym of "shares". "I sold my in Delavigne Corp. and bought a house with the profit." (1 word)

This verb means to fall or decrease very quickly. "Our sales figures are due to the world financial crisis!" (1 word)

Fill in the blanks with terms used in the voicemail messages!

This term describes the part of a company that can be bought and sold by investors. It is a synonym of "shares". "I sold my stock 1 in Delavigne Corp. and bought a house with the profit." (1 word)

This verb means to fall or decrease very quickly. "Our sales figures are plummeting 2 due to the world financial crisis!" (1 word)
1 stock: The terms "stock" and "shares" are synonyms - they are part of a company's capital which is divided among investors. In message 1, "(Super Platinum) stock is currently trading at $55 a share". This means that Super Platinum stock and shares are being bought and sold for $55 on the "stock market" or "stock exchange". Note: "stock" is usually singular; "shares" are usually plural.
2 plummeting: "To plummet" literally means to fall or drop very quickly. Example: He plummeted from the sky before opening his parachute. "To plummet" is often used in a financial context to indicate a sharp decrease in value. Example: House prices are plummeting.

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