SK Innovation, Foreign Investors Net Sell 158,986 Shares in Last 5 Days... Stock Price 240,500 KRW (+9.82%)

As of 2:30 PM on the 1st, SK Innovation is trading at 240,500 KRW, up 9.82% from the previous day. The trading volume is 3,386,613 shares, which is 424.31% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On March 30, analyst Hwang Kyu-won of Yuanta Securities stated, "There is a high possibility that refining margins will recover above the break-even point in the second half of the year. Globally, aging refineries have announced closures of 3.6 million b/d of refining capacity from 2020 to 2023, accounting for 4% of global demand. In March 2021, a negative event occurred from Volkswagen Inc., which accounts for 30% of SK Innovation's order backlog of 70 trillion KRW. Volkswagen decided to use prismatic batteries instead of Korean pouch batteries. This could reduce SK Innovation's battery market share by 2 to 3%." He set SK Innovation's target price at 300,000 KRW.

Over the past five days, individual investors have net purchased 63,944 shares of SK Innovation, while foreigners and institutions have net sold 158,986 shares and net purchased 93,070 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

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