[Featured Stock] Samsung Electronics Rebounds After 6 Trading Days, Recovers '50,000 Won Electronics' Level

Samsung Electronics rebounded after six trading days, regaining the 50,000 won level.

Yonhap News

As of 9:40 a.m. on the 15th, Samsung Electronics was trading at 51,400 won, up 3.21% from the previous day. After closing at 57,500 won on the 7th, Samsung Electronics' stock price fell for five consecutive trading days, dropping to 49,900 won the day before.

However, the current stock price level is perceived as a historical low, attracting bargain buying and leading to a successful rebound. Jeong In-ji, a researcher at Yuanta Securities, said, "Bargain buying has emerged in response to foreign selling," adding, "Along with the recent stock price decline, the downward revision of earnings forecasts for the first quarter of next year has narrowed the gap with the earnings forecast for the fourth quarter of this year. If the earnings forecast for the first quarter of next year falls below that of the fourth quarter of this year, it could indicate the possibility of forming a bottom."