POSCO, Stock Price Down 5.05% at This Hour... 610,817 Shares Net Sold by Individuals in Last 5 Days

As of 12:30 PM on the 10th, POSCO is trading at 301,000 KRW, down 5.05% from the previous day. The trading volume is 702,075 shares, which is about 58.0% of the previous day's volume. POSCO is known as a steel manufacturing and distribution company.

On March 5th, Minjin Bang, a researcher at Eugene Investment & Securities, stated, "The ongoing price negotiations for automotive steel sheets and shipbuilding heavy plates are considered to be in a favorable environment. Although the timing of the conclusion of the negotiations is uncertain, it is highly likely that the price increase will be applied in the second quarter. This year’s profits are expected to show a pattern of strong start and weak finish. After the pandemic base effect in the first quarter, there is uncertainty in China’s steel demand, while blast furnaces that had been shut down in North America and Europe are restarting. Recently, the interest rate hikes reflecting economic improvement and inflation expectations are expected to support steel prices significantly." He set POSCO’s target price at 360,000 KRW.

Over the past five days, individual investors have net sold 610,817 shares of POSCO, while foreign investors and institutions have net bought 542,786 shares and 103,704 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.