Korean Air, Stock Price +4.81% at This Time... 2,102,937 Shares Net Sold by Individuals in the Last 5 Days

Korean Air is trading at 20,700 KRW as of 12:30 PM on the 12th, up 4.81% from the previous day. The trading volume is 3,705,124 shares, which is 160.05% of the previous day's volume. Korean Air is known as the number one airline transportation company in South Korea.

On October 7th, researchers Yang Ji-hwan and Lee Ji-soo from Daishin Securities stated, "The reasons for the expected underperformance are 1) increased fuel costs due to rising international oil prices, 2) adjustment of freight rates in the third quarter, and 3) delayed recovery in passenger demand due to the resurgence of COVID-19. The adjustment in third-quarter freight rates is a phenomenon caused by express cargo such as medical supplies, quarantine materials, and diagnostic kits being replaced by general cargo, and it is not considered to be due to a decline in rates caused by increased cargo aircraft supply. Freight rates, which showed a correction trend in July and August, began to recover in September. Due to supply shortages entering the peak freight season in the fourth quarter, freight rates are expected to rise again in the fourth quarter." They set the target price for Korean Air at 28,000 KRW.

Over the past five days, individual investors have net sold 2,102,937 shares of Korean Air, while foreigners and institutions have net bought 1,085,711 shares and 1,076,366 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

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

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