SK Innovation, Institutional Investors Net Sell 922,701 Shares in Last 5 Days... Stock Price 260,500 KRW (+3.17%)

As of 12:30 PM on the 19th, SK Innovation is trading at 260,500 KRW, up 3.17% from the previous day. The trading volume is 989,445 shares, which is about 69.03% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On January 15, Kang Dong-jin, a researcher at Hyundai Motor Securities, stated, "Although oil prices have risen recently due to production cuts in Saudi Arabia, refining margins remain sluggish. Considering ongoing capacity expansions and slow recovery in oil demand, it is still difficult to expect a recovery in the refining industry. Accordingly, the trend of increasing net borrowings continues, and it is estimated that borrowings will continue to increase in 2021 as well. Of course, some funding may be possible through the sale of subsidiary shares or IPOs, but this will cause dilution of subsidiary share value. It is difficult to predict the outcome of ongoing administrative and civil lawsuits in the United States." He set the target price for SK Innovation at 270,000 KRW.

Over the past five days, individual investors have net purchased 681,646 shares of SK Innovation, while foreign investors and institutions have net purchased 258,592 shares and net sold 922,701 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.