Is it Time to Dump SK Telecom Co Ltd (SKM) Stock After it Is Down 0.39% in a Week?

SK Telecom Co Ltd (SKM) stock is lower by 0.39% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

SK Telecom Co Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SKM!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 $20.59 as of 1:13 PM on Thursday, Jan 12, an increase of $0.03, or 0.15% from the previous closing price of $20.56. Volume today is above average. So far 681,433 shares have traded compared to average volume of 395,378 shares. The stock has traded between $20.27 and $20.59 so far today. 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 30 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 6.7 million broadband customers and 9.3 million pay TV customers (6.4 million IPTV and 2.8 million Cable TV). 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.