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Do Traders Think SK Telecom Co Ltd (SKM) Can Keep Climbing Monday?

Monday, May 16, 2022 11:03 AM | InvestorsObserver Analysts

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Do Traders Think SK Telecom Co Ltd (SKM) Can Keep Climbing Monday?

Overall market sentiment has been high on SK Telecom Co Ltd (SKM) stock lately. SKM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
SK Telecom Co Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SKM!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SKM Stock Today?

SK Telecom Co Ltd (SKM) stock is trading at $25.80 as of 10:47 AM on Monday, May 16, a decline of -$0.99, or -3.7% from the previous closing price of $26.79. The stock has traded between $25.74 and $25.99 so far today. Volume today is less active than usual. So far 102,887 shares have traded compared to average volume of 439,135 shares. To screen for more stocks like SK Telecom Co Ltd click here.

More About SK Telecom Co Ltd

SK Telecom is South Korea's largest wireless telecom operator, with 29 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.5 million broadband customers and 8.7 million broadband TV customers. While the firm also purchased stakes in businesses in security and semiconductor memory production as well as developing e-commerce and Internet platform businesses, these were all spun off into the separate, SK Square business in November 2021. Click Here to get the full Stock Report for SK Telecom Co Ltd stock.

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