LG Chem, Stock Price -0.64% at This Time... Institutional Investors Sold Net 218,145 Shares in the Last 5 Days
As of 2:30 PM on the 21st, LG Chem is trading at 617,000 KRW, down 0.64% from the previous day. The trading volume is 180,700 shares, which is about 37.77% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.
On October 16, Kang Dong-jin, a researcher at Hyundai Motor Securities, stated, "LG Chem recently disclosed a shareholder letter announcing an EV battery capacity of 260 GWh for 2023. This is estimated as 200 GWh of medium-to-large pouch batteries for EVs and 60 GWh of cylindrical batteries for EVs. Considering that Tesla is currently the only company utilizing cylindrical batteries for EVs, it is judged that the capacity plan reflects a significant increase in Tesla-bound cylindrical batteries in the future. Although there have been some noise due to recent EV fire issues, it is judged not to be a factor damaging the fundamentals." He set LG Chem's target price at 1,030,000 KRW.
Over the past five days, individual investors have net purchased 30,312 shares of LG Chem, while foreigners and institutions have net purchased 170,513 shares and net sold 218,145 shares, respectively.
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※ 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.
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