Korean Air, Stock Price +8.77% at This Hour... Institutional Investors Net Buy 1,616,954 Shares in Last 5 Days

As of 12:30 PM on the 16th, Korean Air is trading at 26,050 KRW, up 8.77% from the previous day. The trading volume is 22,615,086 shares, which is 230.39% of the previous day's volume. Korean Air is known as the number one air transportation company in South Korea.

On November 16, Choi Gyo-un, a researcher at Korea Investment & Securities, stated, "The fourth quarter is the peak season for the cargo market, and freight rates are expected to rise again, approaching the levels of the second quarter. Following the sale of the in-flight meal business this year, additional liquidity securing measures remain, such as the sale of the Songhyeon-dong site and the LA hotel business in 2021. Even without the acquisition of Asiana, domestic and international competitors will inevitably downsize. As supply competition eases in 2021, Korean Air's market dominance is expected to strengthen. Crises like COVID-19 ultimately present opportunities for airlines that can endure." He set the target price for Korean Air at 32,000 KRW.

Over the past five days, individual investors have net sold 1,319,711 shares of Korean Air, while foreigners and institutions have net sold 320,085 shares and net bought 1,616,954 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article 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.