Korean Air, Stock Price Down 2.42% at This Hour... 3.02 Million Shares Net Sold by Individuals in Last 5 Days

As of 1:30 PM on the 13th, Korean Air is trading at 20,150 KRW, down 2.42% from the previous day. The trading volume is 2,013,093 shares, which is about 41.61% of the previous day's volume. Korean Air is known as the number one airline transportation company in South Korea.

On October 7, 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 due to express cargo such as medical supplies, quarantine materials, and diagnostic kits being replaced by general cargo, and it is not considered to be caused by a decline in rates due to increased cargo aircraft supply. Freight rates, which showed a downward 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 3,020,023 shares of Korean Air, while foreigners and institutions have net bought 1,468,200 shares and 1,596,164 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.