Is it Time to Dump SK Telecom Co Ltd (SKM) Stock After it Is Up 2.57% in a Week?

The market has been high on SK Telecom Co Ltd (SKM) stock recently. SKM gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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!

See Full SKM Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SKM Stock Today?

SK Telecom Co Ltd (SKM) stock is trading at $19.94 as of 12:48 PM on Tuesday, Jul 18, a gain of $0.07, or 0.35% from the previous closing price of $19.87. Volume today is low. So far 216,362 shares have traded compared to average volume of 518,677 shares. The stock has traded between $19.85 and $20.11 so far today. To see InvestorsObserver's Sentiment Score for 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.