SK Innovation, Stock Price Down 0.82% at This Hour... 'Bottoming Out in 2Q20'

As of 9:30 AM on the 28th, SK Innovation is trading at 121,500 KRW, down 0.82% from the previous day. The trading volume is 269,312 shares, which is about 13.77% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On May 27, analyst Noh Woo-ho from Meritz Securities stated, "There is uncertainty regarding the final verdict of the EV battery lawsuit against domestic competitors scheduled for October. It is considered too early to reflect this uncertainty at the current stage. At this point, a buying strategy focusing on the potential recovery of core business profits is necessary. (1) Resolution of supply-demand imbalance in the refining industry, (2) reduction of OSP, (3) high visibility of profit recovery due to increased IMO compliance rate." He set the target price for SK Innovation at 130,000 KRW.

Over the past five days, individual investors have net sold 117,172 shares of SK Innovation, while foreign investors and institutions have net sold 268,390 shares and net bought 412,029 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 financial AI specialist Thinkpool.