SK Innovation, Stock Price +3.18% at This Time... Institutional Investors Net Buy 1,334,456 Shares in Last 5 Days

As of 9:30 AM on the 1st, SK Innovation is trading at 178,500 KRW, up 3.18% from the previous day. The trading volume is 238,221 shares, which is 13.63% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On November 27, analyst Hwang Kyu-won of Yuanta Securities stated, "With the effect of the Covid-19 vaccine making the recovery in demand for gasoline and jet fuel visible, the Singapore complex refining margin could recover to around $4, which is the breakeven point. In particular, the growth rate of batteries for electric vehicles is accelerating, and risks are expected to decrease. Moreover, the litigation risk with LG Chem Ltd. is likely to find a resolution through active efforts by stakeholders (both companies, OEM suppliers, the Korean government, etc.). The litigation provision amount is also expected to decrease from the initially estimated 2 trillion KRW to 1 trillion KRW." He set the target price for SK Innovation at 280,000 KRW.

Over the past five days, individual investors have net sold 1,077,466 shares of SK Innovation, while foreigners and institutions have net sold 196,700 shares and net bought 1,334,456 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.