[Special Stock] Kakao Games Drops Over 5% During Trading Session
[Asia Economy Reporter Minji Lee] Kakao Games is showing a decline of over 5% during trading hours.
At 9:45 a.m. on the 15th, Kakao Games was traded at 70,000 won on the KOSDAQ market, down 5.15% from the previous session. As shareholders engaged in profit-taking, the trading volume reached 2.97 million shares.
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The market expects Kakao Games to undergo further adjustments in the short term due to its recent sharp rise. Mina Lee, a researcher at Daishin Securities, analyzed, “As the initial high interest after listing gradually decreases, it will enter a phase of increased volatility.” She set the target price at 33,000 won. She also forecasted, “After the stock price stabilizes, it may show an upward trend until the release of ‘Elyon’ in November.”
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