POSCO, Stock Price Down 0.96% at This Hour... 567,610 Shares Sold Net by Individuals in Last 5 Days

As of 9:30 AM on the 12th, POSCO is trading at 206,000 KRW, down 0.96% from the previous day. The trading volume is 57,265 shares, which is about 10.36% of the previous day's volume. POSCO is known as a steel manufacturing and distribution company.

On October 6, analysts Yoonsang Kim and Jihoon Jung from Hi Investment & Securities maintained a positive outlook despite the forecasted slowdown in steel price indicators for the fourth quarter: 1) stabilization of iron ore prices in Q4, alleviating concerns over sharp cost increases, 2) continued improvement in earnings, 3) P/B ratio below the historical average alongside steady order intake. They cited these reasons as grounds for expecting POSCO to serve as an alternative stock in the short term amid uncertain market conditions, setting a target price of 260,000 KRW for POSCO.

Over the past five days, individual investors have net sold 567,610 shares of POSCO, while foreign investors and institutions have net bought 138,539 shares and 435,712 shares respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.