[Special Stock] Stray Kids Simultaneously Dominate US Charts... JYP Entertainment on the Rise
Boy group Stray Kids has achieved a simultaneous three consecutive No. 1 on the 'Billboard 200' and 'Artist 100', boosting JYP Entertainment's stock. As K-pop proves its appeal in the global market, related entertainment stocks are also showing strong performance.
As of 9:37 AM on the 14th, JYP Entertainment is trading at 136,500 KRW, up 2.48% (3,300 KRW) from the previous day. During the session, it reached 137,700 KRW, setting a new 52-week high.
According to the official Billboard website in the U.S., Stray Kids topped the main Billboard charts 'Billboard 200' and 'Artist 100' on June 17 with their third full-length album ‘★★★★★ (Five Star)’ and the title track ‘특 (Special)’.
Kyobo Securities recently named JYP Entertainment as the top pick in the entertainment sector. Researcher Park Sung-guk of Kyobo Securities stated, "With Stray Kids and TWICE's dome and stadium tours scheduled for the second half of the year, and concentrated album activities from affiliated artists, record-breaking earnings from Q2 to Q4 are expected to continue following Q1." The target stock price was set at 160,000 KRW.
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Meanwhile, SM Entertainment is trading at 113,800 KRW, up 5.37% from the previous day, HYBE is up 1.53% at 298,500 KRW, and YG Entertainment is trading at 83,700 KRW, up 0.12%.
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