[Featured Stock] Alteogen Rebounds After 7 Trading Days... Up 7%

Alteogen rose more than 7%, marking a rebound after 7 trading days.

As of 9:33 a.m. on the 25th, Alteogen is trading at 313,000 won, up 21,000 won (7.19%) from the previous close.

Alteogen's stock price had fallen for six consecutive days since the 15th, dropping from the 440,000 won range to below 300,000 won on the 22nd. On this day, it is interpreted that a rebound buying force due to the recent sharp decline is driving the stock price up.

Rumors that influenced the recent stock price decline were proven false, and a securities firm's report stating that volatility is a buying opportunity also appears to have affected the stock price increase. On this day, Minyong Eom, a researcher at Shinhan Investment Corp., said in a report, "Last week, rumors such as a foreign report mentioning the possibility of patent infringement by Halozyme, the second largest shareholder's selling rumors, sales royalty controversy, and large-scale paid-in capital increase rumors poured in," adding, "The success of the Keytruda SC Phase 3 trial and fundraising for the construction of a production plant are considered positive factors. The second largest shareholder actually increased their stake, the patent infringement by Halozyme was untrue, and a stock price recovery trend is expected."