© Reuters. [백브리핑AI] Posco Holdings, target for short selling… Foreign selling report ‘bottle’
[인포스탁데일리=김영택 기자] POSCO Holdings, a steel company, soared to the 4th place in terms of market capitalization in the stock market as its stock price soared on the theme of secondary batteries.
Investment opinions to sell stocks from foreign securities companies are coming out one after another.
This is because POSCO (KS:) stock prices may rise excessively, potentially exposing them to risks.
The share price of POSCO Holdings soared from 200,000 to 300,000 won at the beginning of this year to 760,000 won at the end of July.
During the month of July, the stock price rose 65.4%.
Morgan Stanley downgraded its investment opinion on Posco Holdings to ‘underweight’ on the 31st of last month. It’s about selling stock.
Amid the overheated stock price, foreign securities companies have lowered their investment opinions on Posco Holdings one after another.
UBS, JP Morgan Chase, and Citigroup also all downgraded their investment opinions on Posco Holdings.
Some predict that the increase in the number of short selling will increase the price fluctuations of Posco Holdings.
Reporter Kim Young-taek [email protected]
2023-08-04 20:52:57
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