[Special Stock] DearU Drops Over 8% Following Institutional Lock-up Release
[Asia Economy Reporter Myunghwan Lee] DearU is showing weakness near the end of trading on the 10th, when the mandatory holding period for institutional investors was lifted.
As of 2:55 PM, DearU is trading at 50,200 KRW, down 8.06% (4,400 KRW) from the previous trading day.
Hot Picks Today
"Only Two Per Person" Garbage Bag Crisis Was Just Yesterday... Japan Also Faces Shortage Anxiety
- "Samsung Electronics Employee with 100 Million Won Salary Receiving 600 Million Won Bonus... Estimated Tax Revealed"
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- 'Will Demand Finally Decline Due to High Prices?'... "I'll Just Enjoy Nearby Trips" as Japan and China See a Surge
- "Wore It Once, Then This? White Spots All Over 4.15 Million Won Prada Jacket... 'Full Refund Ordered'"
On this day, the mandatory holding period for DearU shares held by institutional investors was lifted. Accordingly, 539,213 shares subject to the mandatory holding period held by institutions became available for trading from this day. Since DearU's current stock price is higher than the public offering price of 26,000 KRW, it is interpreted that institutional investors increased profit-taking sales.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
