This research raises the issue of the impact of the Covid-19 pandemic and financial performance on stock prices. The aim of this research is to determine the effect of financial performance proxied by the variables Return on Assets (ROA), Debt to Equity Ratio (DER) and Dividend Payout Ratio (DPR) on stock prices. And to find out whether there are significant differences in stock prices and financial performance before the Covid-19 pandemic and during the Covid-19 pandemic. The research method used is quantitative with an event study approach and sample used in this research was 15 companies representing 5 business sectors. The analysis technique used is panel data regression analysis and the classical assumption tests used include multicollinearity tests and heteroscedasticity tests. Meanwhile, hypothesis testing uses the t test and paired sample t-test or the Wilcoxon signed ranked test. From the results of hypothesis testing, it was found that there was no significant difference in stock prices before the pandemic and during the Covid-19 pandemic. Meanwhile, ROA has a significant effect on stock prices, but there is no difference between before the pandemic and during the Covid-19 pandemic. Meanwhile, DER and DPR do not have a significant effect on stock prices and there is no difference between before the pandemic and during the Covid-19 pandemic.
                        
                        
                        
                        
                            
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