Usually means: Drops sharply, usually in value.
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We found 12 dictionaries that define the word plunges:

General (9 matching dictionaries)
  1. plunges: Merriam-Webster
  2. plunges: Collins English Dictionary
  3. plunges: Vocabulary.com
  4. Plunges, plunges: Wordnik
  5. plunges: Cambridge Advanced Learner's Dictionary
  6. plunges: Wiktionary
  7. plunges: Dictionary.com
  8. plunges: Cambridge Essential American English Dictionary
  9. plunges: TheFreeDictionary.com

Business (1 matching dictionary)
  1. plunges: Legal dictionary

Computing (1 matching dictionary)
  1. plunges: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. plunges: Idioms

(Note: See plunge as well.)

Definitions from Wiktionary (plunge)

verb:  (transitive) To thrust into liquid, or into any penetrable substance; to immerse.
verb:  (figuratively, transitive) To cast, stab or throw into some thing, state, condition or action.
verb:  (transitive, obsolete) To baptize by immersion.
verb:  (intransitive) To dive, leap or rush (into water or some liquid); to submerge oneself.
verb:  (figuratively, intransitive) To fall or rush headlong into some thing, action, state or condition.
verb:  (intransitive) To pitch or throw oneself headlong or violently forward, as a horse does.
verb:  (intransitive, slang) To bet heavily and recklessly; to risk large sums in gambling.
verb:  (intransitive, obsolete) To entangle or embarrass (mostly used in past participle).
verb:  (intransitive, obsolete) To overwhelm, overpower.
noun:  The act of plunging or submerging.
noun:  A dive, leap, rush, or pitch into (into water).
noun:  (dated) A swimming pool.
noun:  (figuratively) The act of pitching or throwing oneself headlong or violently forward, like an unruly horse.
noun:  (slang) Heavy and reckless betting in horse racing; hazardous speculation.
noun:  (obsolete) An immersion in difficulty, embarrassment, or distress; the condition of being surrounded or overwhelmed; a strait; difficulty.
verb:  (transitive) To remove a blockage by suction.
▸ Also see plunge


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