[Featured Stock] Ecopro Hits Intraday High of 910,000 Won

EcoPro reached an all-time high, rising as much as 21% during trading on the 3rd.

As of 2:25 PM, EcoPro was trading on the KOSDAQ market at 881,000 KRW, up 16.84% from the previous trading day.

At one point during the session, it surged 21.88% to 919,000 KRW, setting a new record high.

EcoPro had previously reached an intraday high of 820,000 KRW on April 11 but declined amid overvaluation concerns and had been fluctuating until recently.

Tesla's strong performance is believed to have driven EcoPro's stock price. The Wall Street Journal (WSJ) reported on the 2nd (local time) that Tesla delivered 466,000 vehicles worldwide in the second quarter, an 83% increase compared to the same period last year.

This figure exceeded experts' expectations of 445,000 vehicles.

The surge in Tesla's vehicle deliveries is attributed to the recent expansion of its factory in Austin, Texas, which increased production capacity. Additionally, aggressive price cuts are cited as a major factor boosting demand.

Meanwhile, EcoPro's stock price on this day far surpassed the target prices recently set by securities firms' research centers. On May 19, Hana Securities had set a target price of 450,000 KRW for EcoPro. Earlier, on May 2, Samsung Securities had estimated it at 400,000 KRW.

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